According to Google Trends, the term “NFT,” which refers to nonfungible tokens, has eclipsed the phrase “crypto” in global searches for the week ending on Christmas. It is apparent that digital collectibles have entered the mainstream consciousness as seen by the significant surge in search traffic for NFTs, with transactions on OpenSea, the most popular decentralized platform for NFT auctions and dumps, exceeding $10 billion in value. The enormous surge in demand for NFTs can be seen in prac...