What are NFTs?

Non-Fungible Tokens or “NFTs”.

You may have first heard of non-fungible tokens when you saw that a visual artist sold one of his NFTs for $69 million.

Or perhaps after you scrolled on TikTok and saw that pictures of cartoon apes are selling for hundreds of thousands of dollars.

If this is your first time hearing about NFTs, you’re probably now asking yourself, “why would someone spend thousands of dollars or more on a digital image, when they can just take a screenshot of it?”

That’s a really good question and a valid point.

The world of NFTs can be confusing and overwhelming when you first try to wrap your head around it.

So, hopefully, this guide will be able to break it down for you in a digestible way.

Let’s go down the NFT rabbit hole and figure out what NFTs are all about then, shall we?

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