People are buying and selling crypto collectibles in a $250 million market – check out the sites where you can browse and bid on them

People are buying and selling crypto collectibles in a $250 million market – check out the sites where you can browse and bid on them

Non-fungible tokens or NFTs “” products that operate as digital assets “” have grown to encompass a $250 million market, according to a 2020 report from tech-tracking company L'Atelier BNP Paribas and nonfungible.com.

Investments in NFTs rose 299% in 2020, gaining popularity as cryptocurrencies like Bitcoin continued to boom, according to the report. 

NFT creators and resellers have made millions. In February, an art collector sold a 10-second video artwork for $6.6 million after buying the Beeple project for $67,000 in October “” nearly a 1,000% profit.

NFTs encompass anything from digital trading cards and art to virtual real estate and gaming. 

Unlike popular cryptocurrencies like Bitcoin and Ether, NFTs cannot be directly exchanged with one another and are spread out across numerous different types of platforms.

Most NFT platforms require buyers to have a digital wallet and use cryptocurrencies platforms like Ethereum or World Asset eXchange (WAX) or Flow. 

Here's what you need to know about where to buy and sell NFTs. 

Digital art has brought in millions for creators and sellers

Most digital-art trading platforms allow creators to gather a royalty. Some art platforms are more exclusive, while others focus on letting anyone create and sell their art.

For professional digital artists, NFTs have opened creators to