You’ve probably heard in the news about the millions of dollars artists are making off NFTs. But what are these mysterious bits of technology, and why are they worth so much money?
Non-Fungible Tokens are, at their core, a proof of ownership in a digital file. They are almost impossible to steal or replicate because of their underlying technology, Blockchain (Wired).
All NFTs are a part of a larger ecosystem of transactions happening over the internet, without middlemen. In the near future, consumers will buy most physical items as NFTs. All digital purchases will come with as an NFT