What are NFTs actually? This digital art can bring millions | Life & Knowledge

by time news

They are nothing more than digital data – but some are worth many millions of euros!

So-called non-fungible tokens, or NFT for short, have been experiencing a real high for the last few months. Last month alone, NFTs were sold for the equivalent of almost 1.5 billion euros, and in the past twelve months the largest online marketplaces had sales of more than 8.5 billion euros.

Read with BILDplus how an NFT is created, where it is traded and why it is sometimes so valuable.

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