NFTs will unlock more value for content creators than any other platform - ARK Invest

ARK Investment Management says non-fungible tokens ((NFTs)) will “unlock more value for content creators than any platform in history.”NFTs are unique cryptographic assets run on the Ethereum blockchain that are gaining popularity. Twitter (TWTR) CEO Jack Dorsey has put the first tweet ever up for sale. The high bid is currently from Sina Estavi, CEO of Bridge Oracle, for $2.5M.“Despite its rapid growth recently, we believe NFT use is nascent,” ARK analyst Yassine Elmandjra writes.Digital “creators can monetize their followers directly with NFTs, selling unique digital content without intermediaries,” he says."Last week, for example, EDM music producer 3LAU sold 33 unique tokens for more than $11.6 million, the NFTs redeemable for 'special edition vinyl, unreleased music, and special experiences.'"ARK holds Grayscale Bitcoin Trust in the ARK Next Generation Internet ETF (ARKW). Its flagship ARK Innovation ETF (ARKK) has been hit hard of late as high-valuation tech stocks slump amid rising