One Monday morning, a 32-year-vintage entrepreneur logged onto a platform known as NBA Top Shot (now no longer available to us) and, at the side of some friends, spent $208,000 on a video clip of LeBron James dunking. That man or woman does not get the published rights to the clip, or maybe a bodily replica of it: they've some traces of code that show they are the proprietor of a completely unique virtual asset. His buy is certainly considered one among many extraordinarily luxurious virtual collectibles bought in latest weeks, including: ~$590,000 for an animation of a cat pulling a rainbow ~$1.five million for a pixelated drawing of a “CryptoPunk” ~$6.6 million for a 10-2nd song video via way of means of artist Beeple These assets, known as non-fungible tokens ( NFTs ), have sparked an explosion of interest. NFTs have captured the eye of tech investors ( Mark Cuban ), the modern-day artwork world (the public sale residence Christie's ), and huge business ( Nike ). And everybo...
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