
Finance & Crypto
What Are NFTs? A Clear Explanation of Non-Fungible Tokens
In March 2021, a digital image file sold at Christie's for $69.3 million. The buyer received no physical object and no copyright. What they received was an entry on a blockchain tying a unique token to their wallet address. That is what an NFT is, and it is more specific and more limited than the hype made it sound.
