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NFTs explained: What is a non-fungible token and why are Elon Musk, Kings of Leon and Jack Dorsey selling them – NEWS.com.au

NFTs explained: What is a non-fungible token and why are Elon Musk, Kings of Leon and Jack Dorsey selling them

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Non-fungible tokens (NFTs) have been generating a lot of attention and headlines in the tech world in recent weeks, leaving many intrigued by their potential and many more scratching their heads wondering what exactly they are.They’ve been heralded as the future of art and music and potentially the next best investment since Bitcoin, but they’re not without drawbacks.
So what are NFTs and are they here to stay?
WHAT IS A NON-FUNGIBLE TOKEN (NFT)?
An NFT is similar to cryptocurrencies like Bitcoin…

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