What is a non-fungible token NFT

Non-fungible tokens NFTs are digital tokens that enable true ownership over any digital asset - song artwork or a moment in sports You can t touch it but you can own it A digital image by the cutting-edge artist Beeple sold for a whopping US 69 4 million at auction in a record-setting sale for a piece of art that does not exist in the physical world Christie s auction house sold the art piece on March 11 after a two-week online auction involving more than 180 bids The final auction price tag is the third-highest ever for a living artist and the most anyone has ever paid for a non-fungible token or NFT This was the first time that Christie s has ever offered a digital-only piece of art with an NFT to guarantee its authenticity Anne Gaviola explains the details of NFTs MORE a https 3A 2F 2Fglobalnews ca 2Fnews 2F7690676 2Fwhat-is-nft-beeple-auction-first-5000-days 2F a For more info please go to a http 3A 2F 2Fwww globalnews ca a Subscribe to Global News Channel HERE a http 3A 2F 2Fbit ly 2F20fcXDc a Like Global News on Facebook HERE a http 3A 2F 2Fbit ly 2F255GMJQ a Follow Global News on Twitter HERE a http 3A 2F 2Fbit ly 2F1Toz8mt a Follow Global News on Instagram HERE a https 3A 2F 2Fbit ly 2F2QZaZIB a GlobalNews NFTs DigitalArt

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