NFTs are the latest cryptocurrency rage these days, with bands like Kings of Leon releasing their next album as limited edition “golden tickets,” and NBA digital collectibles being sold for millions of dollars.
They’re interesting to collectors and cryptocurrency fans alike, but is there a future there? In other words: Should you spend some actual dollars to invest in a digital trinket?
Kings of Leon have already jumped on the NFT bandwagon.
Image: yellowheart
What Are NFTs?
NFTs, or non-fungible tokens, are a type of cryptocurrency created on a smart contract platform such as Ethereum. They are unique digital objects that can be cool to own or even profitable to trade. Think of them as digital collectible cards. They typically start out as something only enthusiasts care about, but if you get a rare one, it could be worth a lot one day. Read more…
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