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10-second video clip authenticated by blockchain sold for over ₹48 crore
short by Ankush Verma / on Tuesday, 2 March, 2021
A US-based art collector named Pablo Rodriguez-Fraile has sold a 10-second video for $6.6 million (over ₹48 crore). The video, a new type of digital asset known as a non-fungible token (NFT), by digital artist Beeple was authenticated by blockchain. Blockchain technology allows items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced.
read more at Reuters