Non-fungible tokens NFT
That exclusive club has become increasingly exclusive in the past year, with a growing number of celebrities scooping up Bored Apes—including Eminem, Snoop Dogg and Stephen Curry. Like CryptoPunks' Larva Labs, Bored Ape Yacht Club creator Yuga Labs has secured NFT Hollywood representation, with an eye on extending the brand into film, TV and other entertainment formats. Other tokens are fungible, in the same way as coins or banknotes. Fungible tokens are identical, they have the same attributes and value when exchanged. You can then purchase NFTs via any of the online NFT marketplaces, including OpenSea, Rarible, and SuperRare. NFTs, as with other blockchain securities and with traditional art sales, can potentially be used for money laundering. Auction platforms for NFT sales may face regulatory pressure to comply with anti-money laundering legislation. One of the obvious benefits of buying art is it lets you financially support artists you like, and that’s true with NFTs . B