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What are NFTs and why are some worth millions?

NFTs (or “non-fungible tokens”) are a special kind of crypto asset in which each token is unique — as opposed to “fungible” assets like Bitcoin and dollar bills which are all worth exactly the same amount. Because every NFT is unique, they can be used to authenticate ownership of digital assets like artworks, recordings, and virtual real estate or pets.

Why are NFTs important?

You can think of NFTs as being kind of like certificates of authenticity for digital artifacts. They’re currently being used to sell a huge range of virtual collectibles, including:

• NBA virtual trading cards
• Music and video clips from EDM stars like Deadmau5
• Video art by Grimes
• The original “nyan cat” meme
• A tweet by Dallas Mavericks owner and entrepreneur Mark Cuban
• Virtual real estate in a place called Decentraland

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And just like that, it’s October, historically one of the best months in Crypto and NFT’s. We are excited about NFT.NYC and NFT Family coming to town, and working on organizing a meet up so make sure you don’t miss it, sign up. Meanwhile here are some of our

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We are getting ready for NFT.NYC in two weeks, and we are excited and just have an Alpha overload. We are in a middle of a special project and we will announce events for NFT.NYC and Miami every day this week and next. Take this time to catch

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