Non-fungible tokens (NFTs) are new forms of asset ownership rapidly creating new opportunities for businesses. They can be anything from a tweet to an expensive piece of art.

Just when it seemed possible to understand complex technologies like blockchain and cryptocurrency, along come non-fungible tokens (NFTs). In simplest terms, NFTs convert digital collectibles and other assets into unique, verifiable assets that are tradable on the blockchain. Buying and selling NFT versions of digital images can be mentally hard to grasp at first. The art world was one of the first markets to utilize NFTs, but other businesses are now finding ways to use them to their advantage. It is difficult to predict NFT longevity as an investment tool, because serious issues must still be resolved for people to feel safe using them. Having said that, they are still in an early stage of utilization, and so issues are likely to be worked out further down the road by the creators and technology developers.

Fungible…Non-Fungible….Let’s Talk the Whole Thing Out