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Are NFT Purchases Real? The Dollars Are.



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Is his art real, I asked? He said he provides his buyers with physical screens with his works on them, so that’s kind of real, maybe.Then he held up his phone and showed me an app that summarized his personal financial assets: At that moment, they included $56,635,781.41 in cash. He had received his payment in cryptocurrency, and immediately converted it into what I still think of as real money. The digital artist had transformed most of his new wealth into something I could understand: U.S. dollars.But those dollars on his screen are a digital representation, too! “ …

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