Ans: NFTs are digital assets and collectables that can be used to represent art, property, audio, video, and more in the digital world. The Ape NFT coin can be bought and stored securely, and instantly without a middleman. Some NFTs like BAYC give you access to exclusive events, and their value can be appreciated just like physical works of art. For example, BAYC were first ‘sold’ at a price of 0.08 ETH, which is approximately ₹9500; the average sale price of a BAYC today is around 112 ETH, which amounts to nearly ₹1.35 crore!