Unless you have been hiding under a rock, you have probably heard of “non-fungible tokens” or NFTs, the new fad that is sweeping the cryptocurrency and art collecting world. Many have compared NFTs to the pet rock craze that swept the US in the late 1970s, when Americans paid US$3.95 to buy a small rock — a plain, ordinary, eggshaped stone, something anyone could dig up in their backyard.

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