'Enormously risky': How NFTs lost their lustre

Dorsey managed to sell the NFT for almost US$3mil (RM13.2mil) last year but the new owner cannot find anyone willing to pay more than US$20,000 (RM87,780). — AFP Relaxnews

A slew of celebrity endorsements helped inflate a multi-billion dollar bubble around digital tokens over the past year, but cryptocurrencies are crashing and some fear NFTs could be next.

NFTs are tokens linked to digital images, "collectable" items, avatars in games or property and objects in the burgeoning virtual world of the metaverse.