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The Conversation USA

How nonfungible tokens work and where they get their value – a cryptocurrency expert explains NFTs

  • Written by Dragan Boscovic, Research Professor of Computing, Informatics and Decision Systems Engineering, Arizona State University
imageNFTs can be used to prove who created and who owns digital items like these images by the artist Beeple shown at an exhibition in Beijing.Nicolas Asfouri/AFP via Getty Images

Takeaways

· Nonfungible tokens prove ownership of a digital item – image, sound file or text – in the same way that people own crypto coins.

· Unlike...

Read more: How nonfungible tokens work and where they get their value – a cryptocurrency expert explains NFTs

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