2021 brought in a glimmer of hope and ushered in the digital renaissance. In addition, the NFTs have grabbed our attention and disrupted the art world and other industries. Although NFTs have been rapidly proliferating and generating a $22 billion market, this new asset class/medium still baffles many.

Many people are baffled by the concept that anything digital can hold any value. Value is as subjective as the taste in art. So what is so unique about Beeples' work when anyone can replicate and download the digital artwork infinitely? What does value mean in this context?