What are NFTs? Do they live up to the hype?

NFTs are the latest hype in a string of blockchain related technologies. In the past couple of months there’s been an explosion in their popularity, with the popular Nyan Cat meme GIF selling for 300 Ethereum (or almost $600,000). This might already sound a little crazy, but consider that a group known as BurntBanksy bought a 2006 Banksy print titled Morons for $33,000 with the intention of creating an NFT — only…