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Thomas Hochwarter

Easely-Y Fooled: Thousands Of NFTs Bought By Art Lovers Now Virtually Worthless

Gustav Klimt NFT Belvedere Vienna

A cache of thousands of non-fungible tokens (NFTs) of The Kiss by Gustav Klimt sold to art lovers are now worth a fraction of their purchase price after prices crashed by 87 per cent.

The sale of the non-fungible tokens brought the Belvedere Museum in Vienna millions of euros in profit.

But just months later the digital images are now worth a fraction of their sale price following a worldwide crash in cryptocurrencies.

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