What’s an NFT? Behind the boom for digital collectibles

Source | NBC

Once an obscure part of blockchain technology, NFTs boomed in recent months thanks to the embrace of almost all corners of the art, entertainment and media worlds

The NBA is using them to sell highlight videos. Artists are using them to sell digital works. Musicians are using them to retain royalties. Twitter’s CEO is even using them to sell tweets.

NFTs, or non-fungible tokens, are suddenly everywhere in digital media. Once an obscure part of the broader blockchain technology world, they have boomed in recent months thanks to the sudden embrace of almost all corners of the art, entertainment and media worlds.

The excitement is fuelled in large part by an idea that can be difficult to fully appreciate: ownership of a digital asset … or at least the feeling of ownership.

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Acid House | Collectible NFTs