Some information that I have found helpful in understanding the recent NFT art phenomena.
A good NPR podcast introducing NFT.
NFT is obviously not the first asset bubble.
Beeple’s 69-million NFT, and why the buyer thought it is worth the price.
Aaron Hertzmann’s article about the similarities and differences between traditional and NFT arts.
An NFT is essentially a URL and the block-chain does not store the artwork itself.
As expected, one of the major NFT art exchanges may have security issues, even though their system does not seem to be compromised.
The auction process may be off the blockchain but with reduced computation and energy consumption.