How do NFTS work?

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.

Are NFTS worth anything?

Owning them can give fans access to certain perks, such as being able to vote in fan polls or getting access to ticket ballots. Some of them can be traded, like an NFT - but that means their value can vary widely too, with the potential to gain or lose a lot of money. What is an NFT?

What's the difference between a fan token and a NFT?

The "stampede" that followed, he added, led to both negative prices and "very few transactions taking place". Fan tokens can usually be exchanged with each other as like-for-like, "fungible" assets, whereas NFTs carrying unique digital identifiers and intended to be one-of-a-kind collectibles cannot.