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Crypto investors see looming NFT bubble but tout staying power of the underlying tech
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cnbc.comMIAMI BEACH, Fla. – Even if NFTs are a flash in the pan, cryptocurrency investors are betting that the underlying blockchain technology is here to stay.
Crypto enthusiasts and venture capitalists flocked to Miami Beach, Florida this week during one of the world's premier art events. For the first time, Art Basel Miami featured multiple NFT exhibits. But the city also hosted upwards of 200 other events, where the focus was more on the technology behind these digital collectibles.
Musicians, artists and celebrities are clamoring to launch NFTs, or non-fungible tokens, which are unique digital assets with ownership rights verified and stored on a blockchain. It's a way to have ownership over content that's been historically easy to replicate
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