Crypto-art becomes the new cultural currency
The bidding war for the revolving gold lavatory was fast and merciless. Starting at $US50, offers escalated to $US28,432 within an hour and then to $US40,000, finally topping out at $US108,888.
The winner did not acquire any physical object – this was a digital artwork – nor even exclusive access. Instead they received a unique cryptocurrency certificate that proves them the true owner of a video file that can be easily copied or pirated by anyone.
The Telegraph London
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