The post NFT Art: A Modern-Day Tulip Mania or Legitimate Investment? appeared first on Coinpedia Fintech News
In the world of digital art, where creativity knows no bounds, a new phenomenon has taken center stage.
A renowned digital artist named Mike Winkelmann, widely known as Beeple created a history by selling an NFT (digital art) for $69.3 Million at a Christie’s auction.
But can you imagine buying something, which doesn’t physically exist?
But as the NFT market explodes with astonishing sales, we can’t help but draw comparisons to a fascinating chapter in history. It takes us back to the 17th century, to a time when tulips ignited a frenzy that gripped the entire nation.
But what does it all mean? Is this NFT mania reminiscent of a bubble ready to burst?
Are we witnessing history repeat itself?
Are NFTs the modern-day tulips, destined for a similar fate?
To understand the parallels, let’s take a step back in time to the 17th century when tulips became more than just
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