Grimes makes $5 8million in 20 MINUTES in crypto-art auction dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Inside the burgeoning crypto art scene of NFTs - or nifties - which billionaires like Mark Cuban predict will join Bitcoin as the latest online currency
A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist s signature which typically represents a still or moving image
NFTs are similar to cryptocurrencies like Bitcoin and Ethereum in that they live on blockchain networks - but they cannot be exchanged
The digital assets have both monetary and collectors value
NFTs have been around for years but their popularity has grown rapidly in recent weeks thanks to a few sales with very high price tags