Non-fungible tokens or NFTs — products that operate as digital assets — have grown to encompass a $250 million market, according to a 2020 report from tech-tracking company L'Atelier BNP Paribas and nonfungible.com.
Investments in NFTs rose 299% in 2020, gaining popularity as cryptocurrencies like Bitcoin continued to boom, according to the report.
NFT creators and resellers have made millions. In February, an art collector sold a 10-second video artwork for $6.6 million after buying the Beeple project for $67,000 in October — nearly a 1,000% profit.
Image: Looking Glass Factory allows people to sell their holograms as NFTs Looking Glass Factory - https://www.businessinsider.com
