Q. ‘Non-fungible token (NFT)’, which was seen in the news recently, is related to which field?
Answer:
Crypto Art
Notes: Crypto art refers to a genre of art which is related to blockchain technology. These artworks are tracked and traded through the distributed ledger system. The non-fungible token (NFT) art can be valued and purchased instead of cryptocurrencies, which can be converted into currencies like USD.
In February, Winkelmann's art piece "Crossroad" was sold for USD 6.6 million, which is the highest crypto art sale till date.