What is an NFT and why is it important?

Traditional works of art such as paintings are valuable precisely because they are one of a kind. But digital files can be easily and endlessly duplicated. With NFTs, artwork can be "tokenised" to create a digital certificate of ownership that can be bought and sold.

What is a non-fungible token (NFT)?

The cards are being offered as a "non-fungible token" (NFT), a way of owning the original digital image. Where Bitcoin was hailed as the digital answer to currency, NFTs are now being touted as the digital answer to collectables, but plenty of sceptics fear they're a bubble waiting to burst. What is a non-fungible token?

What are the different types of NFTs?

Paper Hands: The opposite of diamond hands, these NFT collectors sell early. PFP: This stands for Profile Picture and is seen as the first type of NFTs that became big – such as Bored Apes Yacht Club and Crypto Punks. They're used as online personalities and have become popular on social media.

What is CryptoKitties (NFT)?

CryptoKitties, a digital trading game on the cryptocurrency platform Ethereum, was one of the original NFTs, allowing people to purchase and sell virtual cats that were both unique and stored on the blockchain. So why is the NFT phenomenon taking off now?