Around IT in 256 seconds

#84: Non-fungible token (NFT): digital, decentralized art market

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Non-fungible tokens, NFTs for short, are financial instruments

implemented on top of the blockchain. They can be bought and sold, just
like cryptocurrencies. However, unlike bitcoins, each NFT is unique and
traded individually. Whereas Bitcoins or ether are interchangeable, just
like hundred-dollar bills. So what makes each NFT unique? Why would you
purchase this particular NFT rather than the other one? Well, an NFT has
an associated piece of data. That data is typically a hyperlink to a
digital piece of art. What you actually purchase is… well… that
link?

Read more: https://nurkiewicz.com/84

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Around IT in 256 secondsBy Tomasz Nurkiewicz