It seems like no matter where you go these days, all things cryptocurrency are the subject of conversation. The latest chapter of discussion on all things crypto is the world of digital art and collectibles on the blockchain, more commonly known as non-fungible tokens.
What exactly are NFTs? Non-fungible tokens protect artists and content creators by minting their work on a traceable verified ledger on the blockchain and this finally gives many creators the ability to sell their work in a new attractive way. Some NFTs have been going for serious money. In the first half of 2021 alone, NFTs have sold for a colossal $2.5 billion in sales. Considering that the entire year before only yielded $13.7 million in sales, the sky is seemingly the limit.
Some notable NFTs include “EVERYDAYS: The First 5000 Days,” which was sold at auction by Christie’s for a whopping $69 million. Twitter founder Jack Dorsey sold his first digitally signed Tweet as an NFT collectible for a cool $3 million.
Whether you’re a musician, collector, artist, or investor, you’re not too late to leave your mark on the industry. Learn more about the basics of NFTs in the visual deep dive below: