The cryptocurrency art boom involving non fungible tokens (NFTs) is an “irrational exuberance bubble”, according to an artist who recently sold a piece for nearly $70 million (£50m) using the technology.

Beeple, whose real name is Mike Winkelmann, became the third most-valuable living artist earlier this month when he sold a collection titled “Everydays” as an NFT through Christie’s.

Online bidding for his digital collage started at $100 (£72) and sold for $69.3 million.

Appearing on the Sway podcast this week, Mr Winkelmann revealed that it had been less than six months since he first learnt what an NFT is. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/nft-beeple-cryptocurrency-art-b1821314.html