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The NFT craze continues, and it could change the art world.

The acronym, which stands for “non-fungible token,” is a digital file that’s tradable by blockchain. It shot to fame and prominence in March when a visual artist called Beeple sold “Everydays: the First 5000 Days,” a digital collage of images, for $69.3 million at auction. It was the third-highest price ever paid at any auction for a work by a living artist, according to The Washington Post. Not even a Titian or a Raphael has sold for that much. 

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