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Business trends

Next stop for NFTs: Beijing Games and Washington regulators

2022 seen to pose even bigger opportunities and challenges for the digital asset

This immersive art installation in Hong Kong, shown on Sept. 30, was converted into NFTs that were auctioned off by Sotheby's.   © Reuters

NEW YORK -- The exploding popularity of NFTs, or nonfungible tokens, has shown that people's love of collectibles knows no physical or virtual bounds -- whether for works of art or McRibs.

The second-ever NFT.NYC conference drew more than 5,000 people -- up from not even 500 back in 2019 -- to Times Square earlier this month for an event that showcased applications far beyond just the fine arts, such as Quentin Tarantino's "Pulp Fiction" and crypto wine cellars where the tokens ripen long after the bottle is consumed.

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