If you are reading this, chances are you’re aware of NFTs -- non-fungible tokens that are bought, sold, and traded on a digital ledger known as the blockchain. But what are their costs, risks, and side effects?
The NFT craze from earlier this year isn’t going away -- but perhaps has become even more mainstream in the last three months. It’s hard to name a celebrity, artist, or athlete who hasn’t cashed in on the explosive popularity of NFTs.
The mountainous region of Nagorno-Karabakh, which sits between Armenia and Azerbaijan, has been rife with tension and animosity for over three decades.
The conflict was reignited in September and quickly became an outright war, with drone strikes and missile attacks. Thousands died, and more have been displaced. In November, a peace deal was brokered, Azerbaijan declared victory, and captured most of the contested region, forcing Armenians to flee.
Seemingly overnight, NFTs became the hottest acronym on social media and in headlines. On Thursday, a single JPG file created by Mike Winkelmann, also known as Beeple, sold in an online auction for $69.3 million. It was the first digital-only art sale for auction house Christie’s, meaning there was no physical copy involved.