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VIDEO | 06:29
LA Times Today: The NFT digital art craze, explained

LA Times Today: The NFT digital art craze, explained

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

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In recent months, artists have been cashing in on the NFT art craze. Some digital art has sold for millions of dollars.

But what exactly is NFT and how is it different from its cryptocurrency cousin, bitcoin?

L.A. Times business reporter Sam Dean joined us to explain.

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