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Non-fungible Digital Artwork Sale Shatters Records, ‘Picasso’s Bull’ NFT Sells for $55K

During the first week of July, news.Bitcoin.com reported on the growing sales of non-fungible token artwork being sold on marketplaces like Opensea, Nifty Gateway, and Makerplace. Just recently, the NFT market Nifty Gateway broke records selling a piece of digital artwork created by the artist Trevor Jones for $55,555. Non-fungible tokens (NFT) and digital artwork have collided and the concept has grown exponentially during the last few years. In 2020, however, the NFT digital art ecosystem has swelled significantly this year. Statistics show that during the last week, there’s been 14,654 sales and $1.2 million in weekly trade volume. The…

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