NFTs, commonly known as "non-fungible tokens," are digital assets stored using blockchain technology. While they are new and foreign to most people, they will change the way people think about art and digital artifacts.
In contrast to conventional art, these tokens have acquired favor within the crypto community since they represent a new kind of asset class that can easily be owned by numerous owners.
Crypto Blockchain Industries, a French fintech business whose stock has soared since its IPO in October, launched the sale of non fungible tokens (NFT) tied to French DJ David Guetta on Monday. The sale of the NFTs earned more than $250,000 for United At Home, a nonprofit organization created by Guetta.
Early trading saw shares of Crypto Blockchain Industries rise by 21.7% to 43 euros from their initial price of 2 euros, valuing the company at about 830 million euros ($935.33 million).