NFTs – which stands for non-fungible tokens – have taken the internet by storm. NFTs are digital files, like architectural renderings and graphic designs, that are available for sale on blockchain where they can be minted, bought, and sold using cryptocurrency. On March 17, someone bought the first virtual reality house, designed by Krista Kim, for half a million dollars. 

The New York Times too created a column as an NFT for sale yesterday, and Twitter’s founder Jack Dorsey sold his first tweet from 2006 as an NFT on Monday to Malaysia-based businessman Sina Estavi for $2.9 million dollars. These events signify a shift in the power of cryptocurrency, which has become more mainstream and valuable during the pandemic, and the surge in digital art sales demonstrates that people want to use their crypto assets as a way of investing.