Why Everyone Is Talking About NFTs
To many, the concept of an NFT is an enigma. Are they an investment? Collectible? Pricey fad? Scam? The answer: probably all of the above.
Non-fungible tokens take many forms. The most common NFTs to date are two-dimensional digital art, but an NFT can refer to any digital property—an image, video, audio file, even a tweet. Although no one is certain how valuable NFTs will be in the years to come, many experts agree that the market has a lot of potential for growth. From February 2021 to February 2022, the number of active users on OpenSea (registered users who have made at least one NFT transaction) rose from about 15,000 to more than 500,000.
A handful of large companies are expected to enter the market soon, including Niantic (the software-development company responsible for Pokemon Go), Twitter, Meta (formerly Facebook) and Epic Games. “NFTs will become a normal part of our lives,” says Adam Draper,
