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The Meteoric Rise of the NFT Auction Market

How non-fungible tokens fit within the art and collectibles ecosystem.

A long with many, you may be confused by non-fungible tokens (NFTs) and how they fit within the art and collectibles auction ecosystem. NFTs are: (1) code minted with digital content; and (2) a blockchain describing the creation and ownership of the underlying digital asset. Are NFTs a billion dollar scam or the future cannibalizing the art market? Or something in between?


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