Imagine buying some cool digital art for just $1.4 million and then selling it three years later for a whopping $14.5 million! That's exactly what an NFT trader, known as OldSchoolCollection, just did with a collection of NFTs called Autoglyphs.
Think of them as unique, automatically generated artworks stored on the Ethereum blockchain. Back in 2019, anyone could "mint" (create) one for a small fee. OldSchoolCollection saw potential and grabbed 10 of them.
The NFT market has ups and downs, but some early collections like Autoglyphs are still valued. OldSchoolCollection found a buyer willing to pay big bucks for their set, making a sweet $13 million profit!
It shows that some NFTs can hold their value (or even grow!) over time. It highlights "generative art," a cool way to create unique digital artworks using code. It might spark renewed interest in other early NFT collections.
While some popular collections have lost value, others like Pudgy Penguins are seeing a comeback. The key is finding NFTs with strong communities and unique features.
Remember:
The NFT market is still young and risky. Do your research before investing!
So, what do you think? Are NFTs here to stay, or just a passing fad?
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