Here's Why NFTs Are Selling for Millions
Here's Why NFTs Are Selling for Millions Breaking down the latest (very expensive) trend you have definitely heard of. By Jennifer Spencer April 26, 2021 Opinions expressed by Entrepreneur contributors are their own. When non-fungible tokens, or NFTs , first gained the attention of the public a few months ago, few understood what they were and what they were for. Today, they are a booming market, selling for thousands and even millions of dollars apiece. In February, sales of NFT tokens reached $500 million, which is twice as much as throughout all of 2020. According to the Crypto Art website , more than 191,000 digital art objects have already been sold for a total exceeding $533 million. The distinguishing feature of NFTs is that their underlying technology certifies and guarantees the authenticity of a tethered item, raising its value. Today, world stars tokenize their paintings, songs and even Twitter posts to protect their copyrights, while collectors can buy a Picasso
