Why are people collecting NFTs

Question 1

craze [/kreɪz/]

Answer 1

a fashion, game, type of music etc that becomes very popular for a short time SYN fad
craze for
She started a craze for this type of jewellery.
At that time, scooters were the latest craze.

Question 2

fungible [/ˈfʌndʒəbəl/]

Answer 2

1fungible things can be exchanged for another amount of the same thing, or used instead of another thing
External PC and Mac modems are generally fungible, swapping them usually requires new cables.
2 if one amount of money, bonds, shares etc is fungible with another, they are of the same type and can exchanged for each other, and treated in exactly the same way

Question 3

one-of-kind []

Answer 3

the only one of a particular type of thing

Each plate is handpainted and one of a kind.

Question 4

possession [/pəˈzeʃən/]

Answer 4

1 HAVING SOMETHING [uncountable] formal if something is in your possession, you own it, or you have obtained it from somewhere
in somebody’s possession
The house has been in the family’s possession since the 1500s.

Question 5

autograph [/ˈɔːtəɡrɑːf/]

Answer 5

a famous person’s signature that they give to someone who admires them
Can I have your autograph?
a player who would always sign autographs and chat with fans
NFTs are like autographed photos

Question 6

even though []

Answer 6

used to emphasize that something is true although something else has happened or is true
Even though he’s 24 now, he’s still like a little child.
I can still remember, even though it was so long ago.