If you don’t know the difference between the NFL and an NFT, here’s a helpful primer:
NFT is an abbreviation for the term “Non-Fungible-Token” and is essentially any piece of digital art that has a unique signature, numerical value, or designation on a blockchain or database. The reason they are “non-fungible” is that no two people can possess the same piece of art with the same designation.
It isn’t necessarily the image or artwork that is unique. It is the coding that identifies the piece and makes it completely unique. Since their inception, NFTs have become controversial, valuable and unmistakable touchstones in financial culture and in the global vernacular in general. So what makes an NFT valuable, and what should you look for if you want to start buying them?
