Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

NFT Testimonials Become a Crypto Twitter Staple as Prices Surge

Aug. 31, 2021, 12:35 PM

NFTs are red hot and it appears like everyone speculating on the digital images wants to make that abundantly clear in the social media cryptosphere.

Sean Kelly said he’s a 24-year-old that recently helped launch Chibi Dinos NFT, and sold nearly 10,000 cartoonish dinos for $2 million within 18 minutes. EtherRock, which are digital pictures of cartoonish rocks, are fetching hundreds of thousands of dollars. In the last week, a CryptoPunks image of a head sold for $4.5 million, according to industry tracker NonFungible.com.

The mania is reaching fever pitch on Twitter, the main hangout of crypto enthusiasts, ...