Digital assets and blockchain have moved beyond proof of concepts and pilot projects. The industry is now seeing organizations utilize the technology in many new ways, along with the institutional investors pouring billions of dollars into bitcoin and other digital assets. NFTs (non-fungible tokens) have exploded in recent months. The NBA has sold over $200MM with their Top Shot initiative and the artist Beeple sold the highest priced NFT ever for $69.3MM. Additionally, large corporates such as Tesla have committed to digital assets with their bitcoin purchase of $1.5 billion and plan to accept the digital currency as payment.
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