NFTs explained: These expensive tokens are as weird as you think they are

Source | C|Net

Owning a digital token tied to an artwork or song doesn’t mean you actually own the art or song — but those tokens are still going for a small fortune

Nonfungible tokens, or NFTs, are a new kind of collectible to spend your money on — or potentially earn big bucks — that’s outstripped cryptocurrency in hype and popularity. But unlike a Pokemon card, a comic book or a traditional piece of art such as a painting, they’re entirely digital, tied to things like a video highlight, a meme or even a tweet. 

If you think this doesn’t make much sense, well you’re not alone. 


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