I like the way this article discusses the value of NFT and compares to the traditional art markets for multiples and photography. It also mentions that since so many have profited from Crypto's rise, they are sitting on "house money" so they are very interested in purchasing assets. I'm sure this in large part accounts for the headline making transactions.
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Here's another easy to read primer on NFTs from VERGE.
If you are interested in going down the NFT rabbit hole, I started a new NFT group. Please join in the discussion. Someone compared the current state of the NFT market to the wild west. This group can be our little table in the saloon where we watch the unsavory characters ride into town.