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Non-fungible tokens: Latest craze among crypto-rich art collectors

Retail investors should stay away given the high volatility

Topics
cryptocurrency | Blockchain Technology | art collection

Bindisha Sarang  |  Mumbai 

Non-fungible token, NFT, cryptocurrency, blockchain
To make NFTs available to Indians, Binance-owned WazirX, a cryptocurrency exchange, launched India’s first NFT platform earlier this week

The market for crypto art, also called non-fungible token (NFT), is the latest craze online. In February, a crypto art named Nyan Cat meme sold for 300 Ethereum, or about $590,000. Twitter’s sold his first tweet for millions.

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First Published: Thu, April 08 2021. 06:10 IST
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