Manish,
You may want to go through following article :
Bitcoin & NFTs: Opportunities or Ponzi schemes?
Extract :
“ Very different is an NFT, which is little more than a certificate of authenticity of anything digital — it can be a song, writing, or drawing.
It can be replicated by others, but only the owner will have the “original” token.
Most NFTs are for works of art.
The NFT for a collage of paintings by US artist Beeple was sold recently for a whopping $69.3 million. The purchaser was a young digital entrepreneur from Tamil Nadu, Vignesh Sundaresan. He says the NFT represents less than a tenth of his assets, meaning he is probably a billionaire.”
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Pappa
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