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NFT buzz grows

The popularity of non-fungible tokens (NFT), a type of digital asset that is authenticated by blockchain, is spreading to equities as investors turn their focus to shares of online art trading platforms and companies making NFT-related announcements, sparking outsize swings in their stocks.
Last month, musician and artist Grimes, who is the romantic partner of Tesla Chief Executive Elon Musk, sold some animations she made on a website called Nifty Gateway for more than $6 million.
The excitement around NFTs has exploded during the pandemic, as enthusiasts spend enormous sums of money on artworks and other items that exist only online, with some selling for tens of millions of dollars. That appears to have fired up interest in companies that may have a connection to the NFT world. Shipping and logistics company Sino-Global Shipping America Ltd has also said it would accept bitcoin as payment and made other announcements related to cryptocurrencies and blockchain.

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