How can tokens and cryptocurrency restore value to non-tangible products?

VINCENT TEETSOV

On Thursday March 11th, a digital collage titled "Everydays – The First 5,000 Days" by an artist named Beeple was auctioned by Christie’s, selling for 69.3 million US dollars.

The collage is gigantic, with many individual images for the new owner to pore over. Its authenticity and provenance are verified due to the fact that it is an NFT, or non-fungible token. Each NFT has a unique digital property, which you might compare to a limited edition print of a photograph.

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Beeple’s digital collage “Everydays: The First 5,000 Days”.