Has the world simply moved on to newer blockchain projects? Or is this the fate that awaits all NFTs?īlockchains, smart contracts, and cat genesĬryptoKitties, you have to start at the beginning. “The Merge,” a piece of digital art that sold for the equivalent of $92 million, left Dragon behind as the NFT market surged to record sales, totaling roughly $18 billion in 2021. But the sky-high transaction obscured a more difficult truth: CryptoKitties was dying, and it had been for some time.ĭragon was never resold-a strange fate for one of the most historically relevant NFTs ever. And it was a headline-grabbing opportunity forĬryptoKitties, the world’s first blockchain gaming hit. It was by far the highest transaction yet for a nonfungible token (NFT), the then-new concept of a unique digital asset. The NFT Bay contains 17 terabytes worth of NFTs that equate to billions of dollars in sales, according to its founder.On 4 September 2018, someone known only as Rabono bought an angry cartoon cat named Dragon for 600 ether-an amount of Ethereum cryptocurrency worth about US $170,000 at the time, or $745,000 at the cryptocurrency’s value in July 2022. “What people are buying when purchasing NFT art right now is nothing more then directions on how to access or download an image,” said Geoffrey Huntley, the nomadic Australian artist behind the site, which he calls an “educational art project.” Proponents of NFTs the one-of-a-kind, verifiable digital assets that traded on blockchain technology are innovative ways to trade digital images and allow artists to cash in on their work.īut critics argue that, at the end of the day, they’re just images on screens surrounded by a culture of “get rich quick” schemes and scamming. Paying homage to torrent site The Pirate Bay, the NFT Bay has assembled a vast collection of images of NFTs in a bid to show the absurdity of the digital art craze. That’s the message behind a new site that has made thousands of non-fungible tokens - or NFTs - available to download for free. Why shell out hundreds of thousands of dollars for a digital image when you can just download it for free?

‘Tiger King’ producers taking on Bored Ape Yacht Club? NFT.NYC events head to dive bars, apartment buildings as crypto crashes Trump’s financial disclosures show millions earned from speaking engagements and NFTs

Trump returns to Instagram to market his NFT trading cards

Download free nft kitties