What are NFTs and why are people paying millions for them?
Source: The Conversation
Laleh Samarbakhsh argues that the explosive market of crypto-collectibles and crypto-art is far from a joke.
In explaining why, the author first defines NFTs, fungibility, and distinguishes bitcoins from NFTs.
She then underlines the importance of NFTs in providing the ability to securely value, purchase and exchange digital art using a digital ledger and that digital assets and blockchain technology are changing the future of trade.
The article concludes nonetheless, that the true potential hasn’t yet been uncovered.