Musician and visual artist Grimes has sold a collection of NFTs for over $6 million.
NFTs are non-fungible tokens—cryptographically secured collectibles that can be anything, but that have become a popular (and lucrative) medium for visual art. You buy them with Ethereum through eBay-Esque marketplaces like Zora, Foundation, and NiftyGateway.
The NFT art market has exploded within the last year. According to a report from Nonfungible.com, the market grew by 2,800% in 2020 and is now valued at nearly $200 million. Musicians like Jacques Greene, Yaeji, Mura Masa, and Toro Y Moi have all gotten involved with NFTs in recent weeks.
Grimes’ collection is centered around “WarNymph”—the digital avatar the artist created for herself in the wake of her fifth album, Miss Anthropocene—which looks like a kind of demon baby.
