Non-Fungible Tokens (NFTs) have been all over the news, but what exactly are they? NFTs are digital assets that represent ownership or proof of authenticity of a unique item or piece of content, such as artwork, music, or even tweets. Unlike cryptocurrencies like Bitcoin, which are fungible and can be exchanged one-for-one, NFTs are unique and cannot be exchanged on a like-for-like basis. They are built on blockchain technology, ensuring that the ownership and provenance of each NFT are securely recorded. While NFTs have gained popularity in the art world, they’re also expanding into areas like gaming and virtual real estate. What’s your take on the future of NFTs?
