NFTs Boom as Collectors Shell Out to ‘Own’ Digital Art

NFT technology, Harrison says, provides a way to attach a price tag to digital art, tapping into that primal high-quality hoarding instinct—the quest for status-affording Veblen goods, coveted only insofar as they are pricey—that is behind many collectors’ urge. Mix that with a frothy community eager to trade and meme any new shiny blockchain-adjacent construct […]