NFT sales hit 12-month low after cryptocurrency crash

Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January

Non-fungible tokens have been swept up in the cryptocurrency crash as sales reached a 12-month low in June.

NFTs confer ownership of a unique digital item - often a piece of virtual art - upon someone, even if that item can be easily copied. Ownership is recorded on a digital, decentralised ledger known as a blockchain.