Another day, another cryptocurrency. Over the past few weeks, stories about NFTs (non-fungible tokens) have crept into the news cycle. Grimes is making $6 million(Opens in a new window) for something no one understands, and Nyan Cat has been…sold(Opens in a new window)? It can seem like everyone knows what an NFT is but you. You probably have questions. We’re here to answer them.
So, I’m going to start with the big question: What’s an NFT?
NFT stands for non-fungible token.
That sounds like it has to do with mushrooms.
Not really. It has to do