The world’s gone mad for NFTs. But what are they? – Sydney Morning Herald

So what?
In the digital world, everything can be copied, in every detail, and distributed around the globe in seconds. This poses huge challenges for, as an example, the music world, which relied on people paying for something unique in the form of a tape, record or CD. The art industry, too, has struggled to impose value on digital videos and images so that the originals can be bought, sold and owned. When it costs nothing to copy something, it has arguably lost most of its value. The clever idea…

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