NON-FUNGIBLE IS ALL THE RAGE
Did you hear about the New York Times article, still online, that sold for $560,000? How about the digital cat in a pop tart? It sold for $590,000. Or the 5,000 online images that sold for $69 million? They’re part of the brave new world of “Non-Fungible Tokens.” “Non-fungible” means “can’t be copied, unique,” much like the items on Antiques Roadshow. In the digital world, Non-Fungible Tokens (NFTs) are sold in online auctions. If you buy a token, you own a link to a unique piece of digital art, music, video clip or what-have-you. Recently, a video clip of LeBron James’s basketball dunk was tokenized. The buyer paid over $200,000. Before NFTs, digital files weren’t considered unique because they’re so […]
Filed under: apps, crytpocurrency, education, Internuts, security, trends | Comments Off on NON-FUNGIBLE IS ALL THE RAGE