You may have heard of a 10 second video by Beeple that sold for $6.6 million in early 2021. It's an example of a new digital investment craze that has exploded over the past year called NFTs. Every day another company or celebrity announces their foray into the space, continuing to build that buzz.

But what is an NFT and what makes these assets so valuable? On this installment from our "dot.LA Explains" series, host Kelly O'Grady runs through what you need to know about NFT.

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