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BBC News Indonesia: Stories of successful artists becoming billionaires by selling digital works through crypto art

Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School, comments on NFT a non-fungible token (NFT) on Blockchain- that artists use to sell their digital works, via BBC Indonesia. He said the recent spike in interest in NFTs could be a result of ‘people not having “had enough fun” to spend their money during the pandemic.’ But he thinks this trend is not going to last: “We have seen things like this over and over again, like bubbles forming and prices are not fundamental at all. You can make a lot of money, but there are no guarantees. You can also lose a lot of money.”

Read the full article [bbc.com]