NFTs, explained: what they are and why theyre suddenly worth millions
Furthermore, there are infinite possibilities for post-purchase collectability of tickets through exclusive experiences and digital art. The digital tokens can be thought of as certificates of ownership for virtual or physical assets. One of the first big NFTs was a crypto collectible called CryptoKitties. In March 2021, the blockchain company Injective Protocol bought a $95,000 original screen print entitled Morons from English graffiti artist Banksy, and filmed somebody burning it with a cigarette lighter. The person who destroyed the artwork, who called themselves "Burnt Banksy", described the act as a way to transfer a physical work of art to the NFT space. No, but technically anything digital could be sold as an NFT (including articles from Quartz and The New York Times, provided you have anywhere from $1,800 to $560,000). William Shatner has sold Shatner-themed trading cards (one of which was apparently an X-ray of his teeth). NFTs can also contain smart contracts th...