What Is a Non-Fungible Token (NFT)?

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Non-fungible tokens (NFTs) are cryptographic belongings on a blockchain with precise identity codes and metadata that distinguish them from every different. Unlike cryptocurrencies, they can not be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, that are equal to every different and, therefore, can function a medium for business transactions.1 WHAT … Read more

More NFTs Waiting in the Wings Could (Eventually) Mean Less Artist Kept in the Shadows

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What are NFT’s and Why Should the Art World Care? NFTs are unexpectedly changing the virtual artwork market, in addition to the humanities market at large. NFTs, or “nonfungible tokens,” are bits of code which aren’t interchangeable with every other (in contrast to bitcoin and Ethereum.) There can best be a single, non-divisible NFT in … Read more