Cryptocurrencies are crashing, and some fear NFTs could be next
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PARIS • A slew of celebrity endorsements helped inflate a multibillion-dollar bubble around digital tokens over the past year, but cryptocurrencies are crashing and some fear non-fungible tokens (NFTs) could be next.
NFTs are tokens linked to digital images, "collectable" items, avatars in games or property, and objects in the burgeoning virtual world of the metaverse.