As if technology terms weren’t already inscrutable enough, now we have to deal with “nonfungible.” Or, since tech speak thrives on abbreviations: NFT, short for “nonfungible tokens.” They’re a hot commodity right now, so it’s time for us all to dig a little deeper.
A good starting point is Rich Nieva’s look at NFTs, and specifically how they’ve caught on in the art world. Just this week, Christie’s auctioned off as an NFT a digital work by the artist Beeple for $69.3 million. Yep, real money. And the technology has implications much more broadly across entertainment and media, from Kings of Leon to a clip of LeBron James to the very first tweet ever.
Source CNET Internet News
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