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The meteoric rise of the NFT auction market

As with many, you may be confused by non-fungible tokens (NFTs) and how they fit within the art and collectibles auction ecosystem. NFTs are: (1) code encoded with digital content; and (2) a blockchain describing the creation and ownership of the underlying digital asset. Is the NFT a Billion Dollar Scam or Cannibalizing the Future Art Market? Or something in between?

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