The market for crypto art, also called non-fungible token (NFT), is the latest craze online. In February, a crypto art named Nyan Cat meme sold for 300 Ethereum, or about $590,000. Twitter's Jack Dorsey sold his first tweet for millions.
Digital artist Michael Joseph Winkelmann, professionally known as Beeple, sold a piece last month for nearly $70 million using an NFT. To make NFTs available to Indians, Binance-owned WazirX, a cryptocurrency exchange, launched India's first NFT platform earlier this week. What is NFT? It is a unique digital asset that can be bought …