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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

To Use Rather than Collect, the Second Coming of NFTs

This undated photo released by Christie's on Thursday, March 11, 2021 shows a digital collage titled Everydays: The First 5,000 Days," by an artist named Beeple. (Christie's via AP)

NFTs have been called everything from fads to outright scams, but early adopters see a future for them as uniquely useful tools for business, health and the arts that goes beyond mere digital collecting.

The non-fungible token (NFT) craze, just over a year old, has given the world works that have sold for millions and includes collections from the "Bored Ape Yacht Club" to an image of a naked Donald Trump following his 2020 election defeat, AFP said.

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