Non-fungible tokens: Latest craze among crypto-rich art collectors

The market for crypto art, also called non-fungible token (NFT), is the latest craze online. In February, a crypto art named Nyan Cat meme sold for 300 Ethereum, or about $590,000. Twitter’s Jack Dorsey sold his first tweet for millions.  Digital artist Michael Joseph Winkelmann, professionally known as Beeple, sold a piece last month for nearly $70 million using an NFT. To make NFTs available to Indians, Binance-owned WazirX, a cryptocurrency exchange, launched India’s first NFT platform earlier this week.  What is NFT? It is a unique digital asset that.....

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