Mona Lisa, pixelated. Source: Wiki Commons

Finance
Paul Brescia

Let’s get fungible: Breaking down NFTs, where they’re sold, and why they’re exploding in popularity

Authors
Paul Brescia
Emerging Technology
4 minute Read

You’ve probably seen NFTs in news headlines, as pieces of digital art being sold for what seem like outlandish sums. Trading on the blockchain, it’s the latest craze for those in the tech space, creating what looks like a speculative asset bubble.

As records are broken on a daily basis in the NFT marketplace, it’s feeling a bit like the early Bitcoin hype, as fear-of-missing-out drives big booms.

But after seeing the rise, bust, and subsequent rise of Bitcoin, investors are taking blockchain-based collectibles a little more seriously.

This cheat sheet breaks down NFTs for you so that you can see if there’s an opportunity for your business.

Become a SmartCompany Plus subscriber to keep reading

Get your first 30 days FREE with the promocode 30FREE
Subscribe now
Already a Plus member?

By submitting to this form, you agree to SmartCompany Plus’ terms and conditions.