NFTs (non-fungible tokens) are digital assets that represent a wide range of unique tangible and intangible items, from a piece of art, sports memorabilia, or even a tweet.
They’ve been around since 2014, but are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital assets. Forbes reported that £123M has been spent on NFTs since November 2017.
This weekend the “Charlie bit my finger” video clip was auctioned as an NFT and sold for a whopping $760,999 (£538,000).
What are your thoughts about NFTs in general? Do you think they’re a temporary craze or an investment with long-term potential?