<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - NFTs: The crypto-fueled craze taking over the internet, explained"/><p class="gnt_ar_b_p">The latest phenomenon in the investing world is the idea of <a target="_blank" href="/story/tech/2021/03/19/nft-guide-digital-collectible-sold-69-million/4720108001/" rel="noopener" data-t-l="|inline|intext|n/a" class="gnt_ar_b_a">non-fungible tokens, or NFTs, which represent a digital piece of artwork or other collectible online item</a>. "Fungible" means something can be easily traded for something else of the exact same value. For example, a dollar bill is fungible because you can trade it for another dollar bill that's worth the same amount.</p><p class="gnt_ar_b_p">A non-fungible item is a one-of-a-kind item that can't be replaced by something else. NFTs allow someone to buy or sell a unique piece of digital art, and the buyer is the only one in the world to own that original piece.</p><p class="gnt_ar_b_p">NFTs are a new type of investment, but some have already sold for tens of millions of dollars -- proving that they can be lucrative. But are they the right investment for you?</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><h2 class="gnt_ar_b_h2">How do NFTs work?</h2><p class="gnt_ar_b_p">NFTs are recorded on a blockchain, and each token holds information about a unique digital piece of art.</p><p class="gnt_ar_b_p">The types of art available as NFTs are virtually limitless. Twitter CEO Jack Dorsey recently made headlines for selling the first-ever tweet as an NFT for $2.9 million. An animated GIF of Nyan Cat, a 10-year-old meme, sold for more than $500,000. And digital artist Beeple sold a digital painting for a whopping $69 million.</p><aside class="gnt_em gnt_em_tw" data-g-r="lazy" data-gl-method="loadTwitter" data-v-id="20" aria-label="Twitter Embed"/><p class="gnt_ar_b_p">NFTs become an investment opportunity when you consider the art's resale value. Similar to buying physical pieces of fine art, owning the art itself isn't necessarily the moneymaker -- it's selling that art to the highest bidder that brings in the big bucks. If you're able to...</p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/investing/2021/03/26/should-you-invest-in-nfts-right-now/43480051/">Read more <span>➤</span></a> </div>
