The sale of the NFTs earned more than $250,000 for United At Home, a nonprofit organization co-founded by Guetta, according to Crypto Blockchain Industries.
Crypto Blockchain Industries shares soared 21.7 percent to 43 euros in early trading, up from their start price of 2 euros, giving it a market value of about 830 million euros ($935.33 million).
An NFT is a digital asset that resides on a blockchain, which is a database of transactions maintained by networked computers. The blockchain functions as a public ledger, allowing anybody to check the legitimacy of the NFT and who owns it.
Non-fungible tokens, a sort of digital asset, have skyrocketed in value this year, with NFT artwork fetching millions of dollars.
Non-fungible tokens, a sort of digital asset, have skyrocketed in value this year, with artwork fetching millions of dollars. are often purchased using cryptocurrencies or with US dollars, and the blockchain records all transactions. While anybody may access the NFT, only the purchase is the legitimate owner — a kind of digital boasting right.
Crypto Blockchain Industries said on Monday that it has sold the cryptocurrency ‘Crystal.’
Guetta, who has collaborated with Rihanna, Snoop Dogg, and Justin Bieber, has two Grammy Awards and more than 50 million album sales to his credit.
Patrick
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