Art Lasts, Markets Pass: Can NFTs Finally Make Art an Asset Class?

“People have long used art to store value,” Miami-based NFT investor Robert Rodriguez-Frail told Business Insider after he sold a Beeple NFT for a lot of money in March. “Crypto extends easily into digital art. This is just a more modern approach to investing in art and using it like someone would use gold or bitcoin.”
Rodriguez-Frail had originally bought his Beeple five months earlier for $67,000; he sold it for $6.6 million. That kind of 100-fold return isn’t rea