CRUSHING ON CRYPTO

Until recently, asking someone to define an NFT probably would have resulted in a blank expression (and maybe a quick Google search). Then, in March, Christie’s auction house shocked the art world with one spectacular sale of an NFT and suddenly the acronym was on everyone’s lips. With a starting bid of just $100, the virtual collage Everydays: The First 5000 Days by the artist Beeple (real name Mike Winkelmann) sold for more than $69 million. (By the way: that’s $15 million more than Monet’s Nymphéas painting sold for in 2014.)

Since then, NFTs—short