Non-fungible tokens (NFTs) have become the “it” thing, thanks mostly to the Beeple artwork that sold for USD 69.3 million in 2021. In fact, some of the most expensive NFT artworks sold till date are by Beeple or by a company known as Larva Labs, an early entrant in this world.

NFT artworks share some attributes with physical artworks in terms of creativity and aesthetics. However, the key difference is that being NFTs, they are simply a code — digital art that exists only on the internet.