What exactly are NFTs? NFT stands for non-fungible token, which implies there’s a wholly unique and non-interchangeable unit of data kept on a digital ledger that uses blockchain technology to establish proof of ownership hidden inside those odd artworks.

Still, it is absurd to believe that NFTs are a smart and safe investment at this moment. “While NFTs are a useful tool that harnesses the power of blockchains, the notion that they’re a terrific or safe investment is wrong,” Thompson added. few years, as more and more people lose their jobs and housing after…

NFTs can be anything digital (drawings, music, even your brain being downloaded and transformed into an AI), but the current buzz is focused on exploiting the technology to sell digital art.