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NFTs. What are they all about?
Non Fungible Tokens have been bouncing around the internet of late.
Non Fungible Tokens or (NFTs) as they are known are becoming all the rage in the blockchain and crypto world.
You have probably seen the stories of individuals who have suddenly become multi-millionaires selling artwork or have been splashing enormous sums of money on NFT digital art. I mean take this guy Mike Winkelmann who is better known as Beeple. He sold his NFT artwork collection for a massive $69 million dollars at Christie's back in February. 69 million, just think about that. How many artists in their careers or lifetime get the chance to make that sort of money from their work.
This however isn’t the only mega-money transaction involving NFTs. Musician Grimes sold a digital art collection for $4.6 million and even Twitter founder Jack Dorsey immortalized and sold his first-ever post for $2 million. If that wasn't enough how about a group of people who paid £68,000 for an original Banksy which was then burnt and sold as an NFT for £290,000.
I think you're getting the idea that with anything crypto-related there is usually a well of money close by and NFT’s are no exception.
