Each Monday in March, we'll be speaking to the folks at Rajah & Tann to take a closer look at NFT's -- what these mysterious "Non-Fungible Tokens" are, what opportunities and pitfalls may befall potential investors and creators, and if there is a role for regulating this fast-changing new world. In Part Two, JP Ong speaks with Rajesh Sreenivasan, Head of Rajah & Tann's Technology, Media, and Telecommunications Practice, and Benjamin Cheong, a Partner at Rajah & Tann, about how NFT's are being used, how the market is evolving, and if prices are pure speculation or an attempt by market players to establish benchmarks to base valuations on.