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People Are Spending Millions on JPEGs, Tweets, And Other Crypto Collectibles
As cryptocurrency prices skyrocket, celebrities from actress Lindsay Lohan to Youtuber Logan Paul are creating digital collectibles called non-fungible tokens (NFTs). These collectibles often include JPEGs or GIFs, although they can also be attached to tweets, MP3s, or any other type of digital file. The file is associated with an Ethereum token, kind of like a serial number, to prove ownership of the file. And lots of people are buying them—spending millions of dollars so far in 2021. CoinDesk reported people have spent $174 million on NFTs since 2017. Some people are making a living with these Ethereum-based ... (full story)
