This NFT Art was sold for $69 million in 2021, is now reportedly valued at just $39,000 a staggering collapse that highlights the volatility of the digital art market. Once celebrated as a landmark sale that legitimized NFTs in mainstream art and finance, the piece was auctioned by "Christie’s" and marked a turning point in crypto adoption.
Its current valuation reflects a dramatic shift in market sentiment, as speculative hype around NFTs has now cooled. The decline highlights the fragility of hype driven digital assets, particularly those tied to novelty and momentum rather than utility or sustained collector interest.
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