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Cryptocurrency News

What is an NFT and why are they so popular?

08/20/2022

Less than a minute

2022.08.20 05:54

What is an NFT and why are they so popular?

Nonfungible tokens (NFTs) have been part and parcel of the cryptocurrency space for the last couple of years. Still, their value and utility across several industries have driven their proliferation into mainstream consciousness.

Cointelegraph’s director of video production Jackson DuMont delves into the intricacies of NFTs, highlighting the importance of the underlying blockchain technology in proving ownership of digitally scarce assets: