An NFT yacht, which only exists in a video game, has been sold for $650,000. NFTs (or non-fungible tokens) are unique units of data that exist on a blockchain, meaning they represent original digital items that cannot be replicated. NFTs often represent real-world artwork or objects, but they can also represent objects that do not exist yet in the world.
The creation and implementation of NFTs in video games have been in the works for a while, especially given the rising prevalence of NFTs in
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