Join our community of smart investors

Crypto assets: The ‘unreal economy’ is thriving

What economic crisis? The market for cryptocurrencies, digital flowers and virtual real estate is booming
Crypto assets: The ‘unreal economy’ is thriving

£57,000 for a virtual flower. £71,000 for a digital basketball card. £1m for real estate in a video game. It's not just bitcoin. People are investing thousands in a whole range of digital assets with even more dubious value.

From tweets to digital artworks, exclusive ownership of online content is now being sold through the same blockchain technology that underpins cryptocurrencies. Collectively referred to within crypto communities as non-fungible tokens, these pixelated assets are drawing record demand just as the price of bitcoin soars to new highs. The most successful NFT traders are apparently making profits of almost $500,000 (£355,293) in a single year, with some individual portfolios now worth in excess of $1m.

Join our community of smart investors

Subscribe today and enjoy unlimited access
  • Comprehensive companies coverage
  • Actionable commentary, ideas and portfolios
  • Tools and data to help you manage and track investments
  • Help managing your portfolio
Explore subscription options

Already a subscriber?

Sign in