How our NFT auction went
We raised around $420,000 for charity
“DOWN THE rabbit hole”, were the words on our cover on decentralised finance in September. To illustrate it Justin Metz, a visual artist, looked to the first edition of “Alice in Wonderland” for inspiration. On 25th October we put a non-fungible token (NFT) of that cover up for sale. A little over a day later, after a late flurry of bids, it sold for 99.9 ether (around $420,000).
This article appeared in the Finance & economics section of the print edition under the headline “The NFT party”
Finance & economics October 30th 2021
- The market for non-fungible tokens is evolving
- How our NFT auction went
- The Democrats target companies with giant profits but tiny tax bills
- As energy prices spike, governments reach for the dirtiest tool in the box
- Why currency volatility could make a comeback
- China’s long wait for a tax everyone loves to hate
- Remote-first work is taking over the rich world
From the October 30th 2021 edition
Discover stories from this section and more in the list of contents
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer