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The technology isn't complicated, if you already know what a cryptocurrency is. An NFT is a "bespoke" currency that anyone can create, each instance of which ha
by teraflop 6y ago
The technology isn't complicated, if you already know what a cryptocurrency is. An NFT is a "bespoke" currency that anyone can create, each instance of which has a single indivisible "coin" with an embedded URL that points to some kind of content. This coin can be traded, bought or sold for other kinds of currencies.
The baffling part is that people are willing to pay thousands or even millions of dollars for these things.