Whither NFTs? An Overview of The Progress of Non-Fungible Tokens in 2021

A single grey pixel sold for $1.36 million at a Sotheby’s auction this month. The sale spoke of the mainstream acceptance of non-fungible tokens (NFTs), both as an art form, and a unique digital asset. Doja Cat has created her own marketplace Juicy Drops, in a bid to create a space in which she feels truly represented and in control. NFTs use the same blockchain technology as some popular cryptocurrencies, they also use a pretty significant amount of energy.