Paris Hilton is among the first Hollywood stars to join the NFT movement by launching her very own NFT collection.The American socialite boasts a movie and TV career, fashion lines and now a sell-out NFT series worth $220,000 and counting.
Her ‘non-fungible token’ collection includes three unique digital art pieces, two of which have sold while one - called ‘Iconic crypto queen’ - has investors bidding over $1million.
You’re probably wondering, ‘what fresh hell is NFT? And how can we cash in on this new trend?’ We’ve got all the answers about this lucrative movement taking over the digital world… For all the latest showbiz stories, sign up for OK! 's daily newsletter here .
What is NFT? In short, NFTs are individual digital tokens with valuable information stored inside them.They’re a unique digital asset that assign and prove ownership of real-world items bought online like art, real estate, video clips, music and even tweets.They’re recorded on a super safe blockchain - the same technology behind cryptocurrencies like Bitcoin - which makes them one-of-a-kind and very tricky to alter or copy.
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