At the beginning of 2021, relatively few had heard about Non-Fungible Tokens (NFT). By the end of the year, they had become popular enough for the Collins dictionary to call NFTs its word of the year for 2021. According to JPMorgan analysts, the monthly sales of digital tokens «hovers» at around $2 billion. The analysts estimated that the total market capitalization of the NFT universe was worth $7 billion.
Much of that money is going to the market for digital artwork. Unique cryptographic tokens signed by artists have mopped up high prices that run into tens of millions of dollars from buyers. In the process, they have created a new ecosystem populated by existing and new players. Prestigious auction houses like Christie's and Sotheby's
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