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What are NFTs?

In the past year a new trend in the crypto world has boomed: NFTs, or non-fungible tokens. They started as a way for digital artists to have ownership over their work but have transformed into a dizzying new multi-billion-dollar marketplace. Are they worth the hype? 00:00 - Are NFTs worth the hype? 01:38 - How to sell an NFT 03:24 - Where did NFTs come from? 04:51 - Why are NFTs so popular? 05:45 - NFTs in the artworld 07:04 - The risks in buying and selling NFTs 08:08 - NFTs in the metaverse 08:53 - The real world uses of NFTs Read Alice Fulwood’s cover story on decentralised finance: https://econ.st/3L3yzBh Find our most recent coverage on finance and economics: https://econ.st/3IUZugB Sign up to our daily newsletter: https://econ.st/3gJBH8D Why did we decide to sell our own NFT?: https://econ.st/3ofuyzV Listen to our podcast episode on how our NFT auction went: https://econ.st/3sccbNv What is an NFT?: https://econ.st/3KYbtfb Find our most-read explainers on decentralised finance: https://econ.st/3KYbDDj Did an avant-garde French artist sell the first NFT?: https://econ.st/3s6fsxC How is the market for NFTs growing?: https://econ.st/35HW42z