All tagged Non Fungible Tokens

What is Value?

The recent hype around Non Fungible Tokens (NFTs) has been interesting. A piece of ‘art’ by the artist Beeple sold for almost $60 Million. I put the word ‘art’ in quotation marks because it isn’t art in the conventional sense that most of us might think of. It’s digital and anyone can see and download it (there’s nothing physical at play here). But the NFT provides one person with indisputable proof of ownership, and that person estimated the value of that proof at $69.5 Million.