NFT art is “absolutely” in a bubble, said the digital artist who this month sold a non-fungible token of his piece “Everydays: The First 5000 Days” for an eye-watering US$69.3 million ($93 million).

“I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst,” Beeple, whose real name is Mike Winkelmann, said on Fox News Sunday.

“But it didn’t wipe out the internet. And so the technology itself is strong enough where I think it’s going to outlive that.”

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