Non-Fungible Tokens are a new type of currency that represent something unique. Imagine the Mona Lisa, or equally unique, your grade school drawing that's still on your mom's fridge. Both art pieces have a lot of value to their owners, but money only captures the value of one. NFTs are the answer to capturing the value of both.
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
Non-Fungible
Tokens
will
unlock
your creativity,
organize the digital world,
and
power a new economy,
&
many
more
things.
