WHAT ARE NFTS?
Jun 09, 2022
4 minutes
WORDS MARK SMITH
“The NFT market rocketed in value in 2021 to $25 billion (£20 billion)”
rom the Mona Lisa to the very first print run of the , nothing creates value like being one – or few – of a kind. Buyers will spend huge sums to acquire and collect something if it is unique or special. But imagine if instead of a physical object like a book or a painting, that ‘uniqueness’ and the value it created could be replicated for something digital like a YouTube video or even a Tweet? This is where nonfungible tokens (NFTs) come in. You’ve probably heard of cryptocurrencies
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