What is an NFT on NBA Top Shot?

An NFT is a digital certificate, kind of like a digital barcode, which certifies that a person owns that specific video clip on NBA Top Shot. But the clip can still be watched for free by anyone on NBA Top Shot itself. And the same play can be seen — also for free — on YouTube.

What is the Kansas men's basketball team's NFT platform?

The Kansas men’s basketball team will have a personalized NFT platform called Rock Chalk where fans will be able to buy, sell and trade Jayhawk collectibles. The NIL partnership with the team was negotiated in collaboration with G3 Marketing, with logo rights secured through Collegiate Licensing Company.

What is a non-fungible token (NFT) of LeBron James dunking?

A non-fungible token (NFT) of a video clip of LeBron James dunking recently sold for more than $200,000 on NBA Top Shot, a website that allows users to buy and sell NBA video clips. An NFT is a digital certificate, kind of like a digital barcode, which certifies that a person owns that specific video clip on NBA Top Shot.

What is NFT art?

This NFT digital art by recording artist Grimes sold as part of a collection for $6 million. NFTs are unique digital files whose authenticity is verified by the blockchain, an ever-expanding digital ledger that records all sorts of digital transactions. Being non-fungible means that the tokens are not mutually interchangeable.