FTX Founder on NFTs: 'I Don’t Get The Appeal of Some of These'
US crypto exchange FTXopened its non-fungible token (NFT) marketplace on the Solana (SOL) blockchain last month, and now, Sam Bankman-Fried, the company’s founder, explains why he is not perplexed that the first piece sold through the service was a handwritten word “Test” that went for USD 720,000.
“Visual esthetics are not a thing that I understand,” Bankman-Fried told Axios on HBO. “Paintings, in general, aren’t worth. I actually don’t get it. I don’t, personally, understand the appeal of a Rembrandt painting. And when I see NFTs, a part of me is like: I don’t get the appeal of some of these. But a part is like: OK, I also don’t understand the appeal of the Mona Lisa, to be honest.”
The exchange’s founder claims that the NFTs’ value results
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