The craze for digital artworks known as NFTs exploded in the past year. Transcript Listen to ‘The Daily’: Cryptocurrency’s Newest Frontier Hosted by Sabrina Tavernise produced by Stella Tan, Rachelle Bonja and Neena Pathak edited by Paige Cowett and Rachel Quester and engineered by Chris Wood. But while people accumulated more money, traditional investments like stocks and bonds became less attractive. Even as millions were laid off in the pandemic, many people’s bank accounts flourished, flush from stimulus checks and government cash infusions into the economy. The surges have been driven by a unique set of conditions. Now the frenzy has spilled over into the riskiest - and in some cases, wackiest - assets, including digital ephemera and media, cryptocurrencies, collectibles like trading cards and even sneakers.
#TRADE MANIA 2 ANDROID PROFESSIONAL#
For months, professional and everyday investors have pushed up the prices of stocks and real estate. These seemingly singular events were all connected, part of a series of manias that have gripped the financial world. And Christie’s sold a digital artwork by an artist known as Beeple for $69.3 million after bids started at just $100. The total value of the cryptocurrency Bitcoin hit $1 trillion. SAN FRANCISCO - This past week, a trading card featuring the quarterback Tom Brady sold for a record $1.3 million. To hear more audio stories from publishers like The New York Times, download Audm for iPhone or Android.
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