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What is an NFT (non-fungible token)?

An NFT is short for Non-Fungible-Token. Non-fungible tokens are digital assets that represent a huge variety of unique, tangible and intangible items. Let’s first break down the term fungible.

What is NFT & how does it work?

“It’s a phenomenon of rare things being bid up on the internet,” Shatner proclaims. What is an NFT? Most simply, an NFT is an entry on a blockchain, the same decentralized digital ledger technology that underlies cryptocurrencies like bitcoin.

Who created the most famous NFT of 2021?

Famous digital artist Mike Winklemann, better known as “Beeple,” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of 2021, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a record-breaking $69.3 million. Anyone can view the individual images—or even the entire collage of images online for free.

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