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U.S. Deficit Hits $345B as Christie’s Ends NFT Art and BlackRock Eyes Tokenized ETFs

August saw a sharp U.S. budget shortfall, while Christie’s closed its NFT art unit and BlackRock explores tokenized ETFs linked to real-world assets.

NFT

Summary

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Terms & Concepts
  • NFT (Non-Fungible Token): A unique digital asset verified using blockchain technology, often used to represent art, collectibles, or other digital items.
  • Tokenized ETF: An exchange-traded fund whose shares are represented as digital tokens on a blockchain, potentially backed by real-world assets.
  • Budget Deficit: The shortfall that occurs when a government's expenditures exceed its revenues in a given period.