NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply ...

Forbes contributors publish independent expert analyses and insights. Non-fungible tokens have transformed the art world, offering artists innovative ways to create, sell and profit from their digital ...

These tokens are considered non-fungible because you cannot exchange one NFT for another identical one. For instance, if you have one bitcoin, you can exchange it for another bitcoin and still have ...

Beeple’s record came at the absolute peak of the NFT boom, a moment when speculation, hype and a flood of new collectors drove prices to historic extremes. Yet as crypto values plunged and speculation ...

Forbes contributors publish independent expert analyses and insights. I write about what happens when culture + crypto connect. Installation view of Meandering River at Funkhaus, Berlin, 2018. From ...

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Eric Overholtzer was intrigued by the concept of nonfungible tokens, or NFTs, but found it hard to wrap his mind around them. So, he bought one. “There were three NFTs in a gallery by Angel Baby and ...

The artist doesn’t see a divide between digital and traditional—just an overdue but inevitable expansion of what counts as ...