NFTs

Overview

Nonfungible tokens, or NFTs, are unique digital assets stored on a blockchain that represent ownership of images, GIFs, songs, videos, virtual plots of land, and more.

Unlike “fungible” assets that can be exchanged for an identical asset, including the US dollar and bitcoin, NFTs are not interchangeable, making them more similar to fine art than currency. Each NFT is unique and verifiable on the blockchain.

NFTs helped bring a huge wave of attention and investment to the crypto space, despite hype for the digital assets fading over time.

While NFTs are mostly known for representing images, use cases could one day include storing assets like real estate, credit scores, and concert tickets on the blockchain.

1440 Findings

Hours of research by our editors, distilled into minutes of clarity.

Explore Business & Finance

The United States is home to more than 33 million businesses, the vast majority of which are small businesses, with millions being created (and others closing shop) every year. These businesses often rely on loans, provide the goods and services that keep the economy flowing, and sometimes even grow large enough to enter public markets or provide private investment opportunities. Explore key topics central to business and finance, from the role of the Federal Reserve to how initial public offerings work, how millions of American students finance higher education, and more.

View All Business & Finance