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NFTs: The new darling of the global fashion and design industries

If the idea of buying and selling a JPEG file using digital money seems absurd to you, think again.The unofficial buzzword of 2021, non-fungible tokens (NFTs), took the internet by storm earlier this year and yielded a burgeoning goldmine for creatives all over the world. A relatively unknown artist, Beeple, sold an NFT for US$69 million (A$92.5 million) at a Christie’s auction, making him one of the top three most valuable artists alive. An NFT of the once-popular Nyan Cat GIF sold for six fi