Tuesday May 3, 2022 – Non-Fungible Tokens (NFT) are the talk of the town. But, what is an NFT exactly. An NFT is a digital asset that represents real-world objects. The NFT may be art, music, in-game items or videos.
The value of NFTs come from their exclusivity, or “digital scarcity.” Digital copies may be infinite. But, there is only one “original.” The NFT contains built-in authentication, which serves as proof of ownership.
Attorney Steven A. Leahy covers the NFT story so you can understand what hype is all about. .