Okay. First things first. Here’s a crash course on NFTs and the blockchain.

NFT or non-fungible token, is an opportunity for you, the collector or investor, to acquire digital assets from artists who have turned their art into digital tokens, and be the owner of rare, creative art pieces in a way that’s relevant to the renaissance of the digital age.

Fungible, simply put, means it cannot be replaced, it’s the only one on the planet that exists, like the Mona Lisa! It could be anything. A sound recording, a 3d piece of art, a video recorded moment… even the CEO of Twitter, Jack Dorsey, sold the first tweet ever tweeted for $2,915,835.47!

Anything that can be considered art, and in this day and age that means that literally anything, can be digitized into an NFT and sold. And people have been buying them like crazy for the same reason they have bought collectibles or any art piece in the past. To own a piece of history, to own the bragging rights to a one-of-a-kind item, to cherish and show friends or to trade and make megabucks.

However: this digital collectible’s authenticity can be verified publicly. And herein comes the blockchain. The blockchain fulfills the same thing any bank is doing. Instead of recording every single transaction privately in each bank, every transaction is recorded publicly on the internet and millions of computers and users around the world are keeping track that every single transaction is legitimate, every single NFT sold is unique and verifiable.