Owning a digital token tied to an artwork or song doesn't mean you actually own the art or song -- but those tokens are still going for a small fortune. Nonfungible tokens, or NFTs, are a new kind of collectible to spend your money on -- or potentially earn big bucks -- that's outstripped cryptocurrency in hype and popularity. But unlike a Pokemon card, a comic book or a traditional piece of art such as a painting, they're entirely digital, tied to things like a video highlight, a meme or even a tweet. If you think this doesn't make much sense, well you're not alone.
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