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$69 million for digital art? The NFT craze, explained

Before there was Beeple, there was William Shatner.

In July, the “Star Trek” actor, singer and “TekWar” author created a series of trading cards featuring images from his career — a telegram from a producer, a photo from his first…

  • Sam Dean
  • Los Angeles Times

Within nine minutes, the entire run of 125,000 tokens sold out, for about $1 each. At the time, it seemed like a lot of money for digital artifacts with no real-world value.

Now, not so much.

Known as NFTs, such tokens have taken off in recent weeks in what’s either an ecologically destructive speculative bubble or a promising new funding model for…

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