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Some NFTs are testing the connection between the virtual and the physical worlds
Published: 
July 29, 2021 07:15
NYT
An image provided by the NFT platform Nifty s shows one of the company s 92,000 NFTs related to the film Space Jam: A New Legacy, which stars LeBron James.
Image Credit: NYT
British artist Damien Hirst, best known for putting a shark in a tank of formaldehyde, has gotten on the NFT bandwagon.
NFTs, or nonfungible tokens, rely on blockchain technology to designate an official copy of a piece of digital media that would otherwise be cheap or free. Hirst is selling a collection of 10,000 NFTs, each of which corresponds to a physical dot painting, for $2,000 each. A year from now, the collectors of the series, called The Currency, will have to decide whether to keep the NFT or the painting; whichever one they do not choose will be destroyed. ....

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