Would you pay $600K for a meme?

This week musician and artist Grimes raked in almost $6m on 10 pieces of digital artwork in a 48-hour auction.The recent craze around NFTs continues to make for jaw-dropping headlines.If you need a refresher, an NFT (non-fungible token) is a digital collectible. A beloved piece of digital art — say a cat with a Pop-Tart for a torso — that was merely an internet meme can now be sold for 300 Ether (ETH), or about $590,000, thanks to a record on a blockchain. This blockchain record means that the true owner (or owners) can be verified and that the artwork cannot be reproduced, unlike regular memes or GIFs on the internet. Think of it like owning an original piece of art versus just taking a photo of one.So are NFTs another step towards the democratization of art? Sort of. 30 minutes into the auction, one of Grimes’ works had jumped from $111 to $123,456. Investors are quickly gobbling up buzzworthy NFTs and reselling them for profit.But it’s getting there and product makers are leading the charge as much as artists or crypto owners themselves with NFT marketplaces.Rarible is like a Christies for NFT collectibles. A community-owned marketplace, Rarible lets artists mint their work with the option to sell with single or split ownership, and in an auction or at a flat price. Ilya Komolkin at Rarible confirmed to the Product Hunt community that you can track the value and history of your art over time.SuperRare, Foundation, OpenSea, and Portion are four more NFT marketplaces to check out. SuperRare prioritizes the collectors just as much as the artists by letting you showcase your collections and highlighting top collectors.Whether you intend to buy, window shop, or just want to gawk at bidding wars, exploring the artwork for sale is a rabbit hole of fun. [View Online]( [Product Hunt]( [Brought to you by [2a4cb20c 3957 4be4 9646 196359cccad7]]( [A2167eef c625 4021 a79c 8762327f7693]( This week musician and artist [Grimes]( raked in almost $6m on 10 pieces of digital artwork in a 48-hour auction. The recent craze around NFTs continues to make for jaw-dropping headlines. If you need a refresher, an NFT (non-fungible token) is a digital collectible. A beloved piece of digital art — say a cat with a Pop-Tart for a torso — that was merely an internet meme can now be [sold]( for 300 Ether (ETH), or about $590,000, thanks to a record on a blockchain. This blockchain record means that the true owner (or owners) can be verified and that the artwork cannot be reproduced, unlike regular memes or GIFs on the internet. Think of it like owning an original piece of art versus just taking a photo of one. So are NFTs another step towards the democratization of art? Sort of. 30 minutes into the auction, one of Grimes’ works had jumped from $111 to $123,456. Investors are quickly gobbling up buzzworthy NFTs and reselling them for profit. But it’s getting there and product makers are leading the charge as much as artists or crypto owners themselves with NFT marketplaces. [Rarible]( is like a Christies for NFT collectibles. A community-owned marketplace, Rarible lets artists mint their work with the option to sell with single or split ownership, and in an auction or at a flat price. Ilya Komolkin at Rarible confirmed to the Product Hunt community that you can track the value and history of your art over time. [SuperRare](, [Foundation](, [OpenSea](, and [Portion]( are four more NFT marketplaces to check out. SuperRare prioritizes the collectors just as much as the artists by letting you showcase your collections and highlighting [top collectors](. Whether you intend to buy, window shop, or just want to gawk at bidding wars, exploring the artwork for sale is a rabbit hole of fun. [View NFTs on Rarible]( [Danny Postma]( is [sharing]( what he has learned so far. He’s one of our first three [Maker Grant]( recipients and has launched a handful of products on Product Hunt with his most recent being [Pages by Headlime](, a GPT-3 powered landing page builder. Interestingly, it all started with an ebook... [Twitter button]( [Facebook button]( [Promoted Product ?]( [2fa9e8e3 230c 4753 b428 68f7f15b603e]( [MainStreet – Startups: you're owed $53,090. 🤑]( [MainStreet gets it back for you in 20 minutes. The US Gov't sets aside $100B every year for startups – 90% of venture-backed startups qualify, and it's free to check how much you're owed. Founders from the PH newsletter have already gotten back $3,143,000. 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