
NFTs and Why They're So Hot
Bloomberg Law
00:00
What Is an Nft?
An nft is a non sungable token, and it's a new development that's been occurring in the markets. In march, there was an auction at christie's where an artist named beeple had sold a art collection for 69 million dollars. Nft have been the most popular with respect to artistic endeavors. There's other companies, especially the nba, they've been at the forefront in terms of creating nft for essentially collectible cards.
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