You must have heard of the word NFT or in detail, Non-fungible tokens, one of the most recent events in the digital world. If you haven’t heard of it or simply can’t understand what it is, well we are here to explain it in simple language.
A digital-only artwork was sold at the famous auction house Christie’s for a surprising $69m – but the winning bidder will not receive a sculpture, painting, or even a print.
Instead, the winning bidder will receive a digital token known as an NFT.
If Bitcoin is hailed as the digital answer to currency, NFTs are now being introduced as the digital answer to collectibles.