Are people high on NFTs… or just high?


Someone very rich (or dangerously insane) just spent more than $500,000 to purchase an NFT of a virtual home. “Mars House” is a piece of digital artwork by Techism artist Krista Kim.

What will the buyer do with it? Most likely place the home in a metaverse: a virtual world where people routinely buy and sell virtual real estate, goods, and services.

This has been quite a week for NFTs. Christie’s auctioned off an NFT of Beeple for more than $69 million, Jack Dorsey auctioned off a file of his first tweet for over $2.9 million, and my friend Harry made an NFT of a fingerpainting his four-year-old son did in preschool and sold it for $135.

Are people high on NFTs or just high?

Want to know more? Visit our Crypto Resources Page for useful links to the distributed ledger and blockchain ecosystem.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is a business advisor and technology consultant. He helps Fortune 500 companies with digital transformation, media and marketing. Named LinkedIn's Top Voice in Technology, he is the host of the Shelly Palmer #strategyhacker livestream and co-host of Techstream with Shelly Palmer & Seth Everett. He covers tech and business for Good Day New York, writes a weekly column for Adweek, is a regular commentator on CNN and CNBC, and writes a popular daily business blog. Follow @shellypalmer or visit



PreviousComcast commits $1B to help close digital divide NextHow to Mine Your Own Ether (ETH)

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.