Book 1 - Hola MaHigh-School - June 2022

NFTs – the new way
Non-fungible Tokens. Sounds too complicated. So, what is it really.
This ‘fungible’ just means – unique. It is one of a kind. And it is a set of
files that can be installed on your cell (or PC for that matter). Imagine a
GIF? Something bigger and better and smarter. But that is sort of it.
I have been inspired by an article here.
We know it is a unique thing. It is a digital artwork and although many
can view the NFT, there can only be one owner of this particular one.
Can we compare it to anything?
We can indeed. Look at Mona
Lisa. There is only one (and it is
in Paris). But there can be many
copies (lithographs) but still –
one owner only.
Here I am – designing a fantastic
piece of art. I put it up for
sale (we get to that) and someone buys it. I release the files and get the
money.
How simple is that? It is that simple really.