NFTs 101: Why the Creative World Is Shifting Appreciation from Physical to Digital Artworks

Why would anyone pay millions of dollars to own a JPEG image? It’s a question that has riddled artists, collectors and even those outside the art world over the past few years, as NFTs, or non-fungible tokens, have exploded in popularity. Even major auction houses, like Christie’s and Sotheby’s, have embraced NFTs and are selling Bored Ape Yacht Club and CryptoPunk collectibles alongside Monet and Picasso.

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https://hypebeast.com/2022/2/nfts-art-appreciation-digital-versus-physical