Collectors Of Digital NFTs See A Wild West Marketplace Worth The Threat

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They are technology enthusiasts on the hunt for possibilities in the Wild West market surrounding NFTs: the well-liked certified digital objects that have spawned a new generation of collectors convinced of their large prospective. NFTs - "Non-Fungible Tokens" -- are digital objects such as drawings, animations, pieces of music, images or videos, whose authenticity is confirmed by blockchain technology, preventing forgeries or manipulation. Kang has created believers of some of his buddies and family members. He displays them on screens in his residence and -- with few exceptions -- has no plans to sell them. His collection involves digital images of simian heads (Bored Ape), a beverage can and a cube, as nicely as an animation of a auto driving down a road, all of them created by artists tiny-identified by the basic public. Brandon Kang, a 25-year-old videographer from California, started obtaining NFTs in December, and already owns far more than 500. In February he spent $50,000 for "Reflection," a digital work by electronic music artist Feed Me.

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