You must have heard about NFT (non-fungible token) by now. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else.
For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different.
NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art.
The most prominent sale of a piece of digital art is probably Beeple’s collage that was sold for $69 million.
The latest innovation in this space is TAG Protocol.
Find out more here https://cutt.ly/PvHL7WD
