You're listening to Comedy Central.

If you've heard about NFTs, you probably know that it's the latest hot trend that teenagers

have to explain to their parents and grandparents and boyfriends.

But this trend also has big money behind it.

The new craze breaking out in the crypto world and it's all about crypto collectibles,

non-fungible tokens or NFTs or exploding popularity.

In February alone, NFT sales hitting $340 million, that's up from $12 million in December.

NFT stands for non-fungible token.

Now, in economic, SpongeBob means you can trade one identical unit for another.

Think a dollar bill, gold, oil, or Bitcoin.

Non-fungible means it's unique.

It can't be replaced.

In music, the Kings of Leon releasing an NFT only album.

In social media, Jack Dorsey's first tweet selling for nearly $3 million.

The art world just turned upside down with the sale of this digital collage entitled

The First 5,000 Days, a work that took 13 years to create.

It sold Thursday in an auction for $69.3 million.

That's right.

Move over GameStop is a new confusing internet money thing in town.

But yes, NFTs are blowing up so much right now that one digital collage sold for $69 million.

$69 million.

I would never pay that much for a collage.

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