• AFP-JIJI

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Thousands of artists beaver away every day creating images to sell as nonfungible tokens (NFTs) in online exchanges. The market is booming, the most popular pieces can sell for millions, but outsiders may wonder why anyone would pay anything at all.

No physical pieces of art exchange hands in these transactions. Buyers use cryptocurrencies and receive their NFTs — a unique piece of computer code related to the artwork that is stored on a blockchain, a kind of digital ledger that cannot be changed.

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