Show notes
Non-fungible tokens, NFTs for short, are financial instruments
implemented on top of the blockchain. They can be bought and sold, justlike cryptocurrencies. However, unlike bitcoins, each NFT is unique andtraded individually. Whereas Bitcoins or ether are interchangeable, justlike hundred-dollar bills. So what makes each NFT unique? Why would youpurchase this particular NFT rather than the other one? Well, an NFT hasan associated piece of data. That data is typically a hyperlink to adigital piece of art. What you actually purchase is… well… thatlink?