Facts. | NFTs - What’s the hype and what are they? @facts | Uploaded May 2021 | Updated October 2024, 11 hours ago.
Owning a digital token tied to an artwork or song doesn't mean you actually own the art or song -- but those tokens are still going for a small fortune.
Nonfungible tokens, or NFTs, are a new kind of collectible to spend your money on -- or potentially earn big bucks -- that's outstripped cryptocurrency in hype and popularity.
But unlike a Pokemon card, a comic book or a traditional piece of art such as a painting, they're entirely digital, tied to things like a video highlight, a meme or even a tweet.
If you think this doesn't make much sense, well you're not alone.
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Subscribe to Facts. goo.gl/yEIawC
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#NFT
#Crypto
#Ethereum
Owning a digital token tied to an artwork or song doesn't mean you actually own the art or song -- but those tokens are still going for a small fortune.
Nonfungible tokens, or NFTs, are a new kind of collectible to spend your money on -- or potentially earn big bucks -- that's outstripped cryptocurrency in hype and popularity.
But unlike a Pokemon card, a comic book or a traditional piece of art such as a painting, they're entirely digital, tied to things like a video highlight, a meme or even a tweet.
If you think this doesn't make much sense, well you're not alone.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Subscribe to Facts. goo.gl/yEIawC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
#NFT
#Crypto
#Ethereum
