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Generative NFT artwork "The Goose" sells for $6.2 million at Sotheby's auction, sparking debate about the future of the NFT market.

June 16 (Cointime) - On Thursday, a piece of generative NFT artwork called "The Goose" sold for $6.2 million at a Sotheby's auction, with on-chain pieces auctioned off alongside it collecting another $4.7 million. However, some critics consider the broader NFT art market to represent a profit-focused passing fad that has already seen its best days. Digital art advocates argue that generative, blockchain-backed art offers nuance and craftsmanship that is unique. Despite the ongoing crypto winter's negative impact on median NFT prices, 2022 ultimately saw about the same overall NFT trading volume as the year prior, but recent months have seen a marked dip in NFT market activity.

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