NFTs, explained

NFTs, explained

by Jack Butcher
2021 was the year NFTs entered global consciousness.

Most viewed it as another technological fad, some as a new chapter in the concept of ownership, reflecting an economy that is increasingly conducted over the internet.

A technology that enables peer-to-peer markets for digital goods.

This visual depicts the difference between the unattributed files that have dominated digital life for decades, and NFTs.

An NFT represents a social contract between creator and owner, stored immutably on a blockchain. 

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