From powering cryptocurrencies like bitcoin to digital assets like non-fungible tokens (NFTs), it seems as though the blockchain technology is everywhere.
Blockchain is a decentralized digital ledger that stores and records data, and is best known for facilitating transactions for digital currencies such as bitcoin.
It also has many people hoping to get rich, by investing in digital assets like GIFs and artworks — some of which sell for millions, like the digital art Everydays: the First 5,000 Days by American artist Beeple, which sold for $69.3 million U.S. in 2021. The technology has also been criticized for its harmful environmental impact.
But investors and celebrities are not the only ones investing in the technology or the cryptocurrencies that blockchain enables.
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