An Internet buying frenzy of digital arts and collectibles this spring marked a debut for NFTs, or non-fungible tokens.
At its most basic, an NFT records ownership and transactions. These are certificates of authenticity for the virtual world, tied to digital assets — such as image, music and video files.
Central Illinois digital artists are watching the format’s rapid rise in popularity, with some joining in.
Though around for several years, NFTs seemed to come from nowhere earlier this year — taking over podcasts, news articles, even a Saturday Night Live sketch.
NFTs – SNL
And there’s money in it