How can NFTs be so valuable?

NFTs are currently the rave in the crypto world. If you don’t know already, you might want to know why, but let’s define what NFTs are before getting into why everyone is so crazy about them.

Source: Hypebeast

NFT stands for Non-Fungible Tokens. The “fungible” part of it might be a bit hard to grasp, but fungibility means you can replicate something. However, NFTs are non-fungible, meaning that you cannot replicate them, and all…