The deets on NFTs

In last month’s issue, we provided a (somewhat unflattering) overview of the internet’s most recent gold rush obsession: the non-fungible token (NFT). This month we thought we’d dive deeper into the technology and look at some of the issues and elements that we didn’t have space to cover last month. So let’s get to it.

Buying NFTs

According to a new report from nonfungible.com, more than US$2 billion was spent on NFTs in just the first quarter of this year alone – so you may be asking: where does one buy and sell these NFTs?

That is actually somewhat complicated. NFTs are non-fungible: it’s right there in the same. That means that each NFT is unique – they aren’t equally exchangeable