What Is Nft How Does It Really Works(

NFT stands for Non-Fungible Token, which explains practically everything. NFTs have already acquired popularity as the crypto sphere begins to flourish in 2021. The artwork displayed is an NFT, and it was just sold for $60 million.

Mike Winkelmann, also known by his pen name Beeple, created digital art. It is a computerized depiction of all of his works of art since 2013. Surprisingly, every day's real selling price begins on February 25th at a pathetic $110. 

In the first nine minutes of bidding, twenty purchasers increased the value to about $1.2 million. Even before the auction, the price range was tough, $15 million in one hour. In the previous months, the price has grown to $29 million.