But unlike most kids his age, Sharma​ has an investment portfolio of NFTs, or non-fungible tokens, worth about $219,600. Sharma​ has a collection of 15 NFTs worth a combined total of 36 ethereum, a type of cryptocurrency where a single coin is valued at $6100. Which makes Sharma’s overall investment worth about $219,600. Alex Sims​, associate law professor at Auckland University specialising in blockchain technologies says the use of NFT technology goes beyond the world of art. But for the artists who are creating NFTs, the technology is a breakthrough way for them to secure payment.

Source: Stuff December 18, 2021 23:12 UTC