Digital authentication opens new doors for art, sports collectors

Fans have been flocking by the thousands to the Top Shot online platform to buy short videos of dramatic sequences from professional basketball games, as a new virtual market enjoys astonishing success among collectors, sports fans and art lovers. To the untrained observer, one video clip showed NBA superstar LeBron James in one of his more spectacular moves; but it lasted no more than a few dozen seconds. On Top Shot, however, it instantly became a collector’s item that sold on Monday for an eye-popping $208,000. The video sequence is an “NFT” — a Non-Fungible Token — a virtual object whose…

Read More

HEDGE accordingly