An estimated $25 billion US was spent on NFTs last year alone. That's a lot of money to spend on digital objects that you can't hold in your hands. And while lots of people are making and spending money on them, no one is really sure if their value will hold. Some people think the popularity of digital art NFTs like Bored Ape Yacht Club and Cryptopunks just scratches the surface of what NFTs could become. But what are NFTs? And what does non-fungible token even mean? First published on February 28, 2022.

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