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Bored Ape non-fungible token (NFT) company on Sunday raised approximately $285 million of cryptocurrency in a virtual land sale after facing a massive hack. NFTs are a type of digital asset which buyers purchase through cryptocurrencies but no physical pieces of art exchange hands in these transactions. It only exists on a blockchain, which serves as a public ledger, and is recorded on a network of computers. However, Blockchain allows anyone to verify the authenticity of NFTs as well as their owner.

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