From boom-era prices to utility and real-world use

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In 2021, a non-fungible token (NFT) by digital artist Beeple was sold for a staggering $69.3 million at a Christie’s auction. Roughly a year later, blockchain entrepreneur Deepak Thapliyal bought a CryptoPunk NFT for $23.7 million in one of the most expensive digital art pieces ever sold.

But those were the glory days of NFTs, when digital collectibles routinely commanded eight-figure prices and mainstream institutions rushed to legitimize the market.

In 2025, the market has changed, with NFT trading volumes down sharply from their 2021 peaks and…



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From boom-era prices to utility and real-world use


In 2021, a non-fungible token (NFT) by digital artist Beeple was sold for a staggering $69.3 million at a Christie’s auction. Roughly a year later, blockchain entrepreneur Deepak Thapliyal bought a CryptoPunk NFT for $23.7 million in one of the most expensive digital art pieces ever sold.

But those were the glory days of NFTs, when digital collectibles routinely commanded eight-figure prices and mainstream institutions rushed to legitimize the market.

In 2025, the market has changed, with NFT trading volumes down sharply from their 2021 peaks and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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