Word of the Day: NFT

NFT
photo: Pixabay, BarbaraALane

NFT means non-fungible token. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. NFTs can be anything digital: drawings, music, your brain downloaded and turned into an AI). This tech is used to sell digital art. NFTs are designed to give you something that can’t be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Monet print. But only one person can own the original.