NFTs are a relatively new concept that burst onto the scene with the metaverse development. NFT stands for non-fungible token. When dealing with economics, fungible assets refer to readily ...

Forbes contributors publish independent expert analyses and insights. Non-fungible tokens have transformed the art world, offering artists innovative ways to create, sell and profit from their digital ...

Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands — sometimes millions of dollars. Credit... Supported by By Clive Thompson To hear ...

These tokens are considered non-fungible because you cannot exchange one NFT for another identical one. For instance, if you have one bitcoin, you can exchange it for another bitcoin and still have ...

It was inevitable. With the emergence of any new technology, innovation or major platform, comes the excitement, the rush to understand and profit. What soon follows are the scams, frauds and loss ...

On Sept. 13, Monica Rizzolli sat in her room in São Paulo and watched her net worth grow by $5.4 million in 48 minutes. Rizzolli is not a day trader or a gambler. She’s an artist whose work consists ...

NFTs, or non-fungible tokens, have become to the art world what Bitcoin is to the financial markets – a valuable new toy greeted with excitement by some and scepticism by others. Pieces of NFT art can ...

More and more digital artworks are bought and sold in the form of NFT. These digital tokens can be purchased or acquired for various reasons: for financial investment, as a collector’s item, or for ...

Trier, a painter in San Antonio, often riffs on Vincent van Gogh’s “Starry Night,” adding dogs or dinosaurs to it, or reimagining it as a desert landscape or Mordor from “Lord of the Rings.” She sells ...

A version of this article was published in TIME’s newsletter Into the Metaverse. Subscribe for a weekly guide to the future of the Internet. Given that the rise of NFTs happened over the pandemic, ...

Stephen Curry wiggles his shoulders on my kitchen counter. No one cares, not even the most devout Curry fans. Occasionally a friend asks what it is, this never-ending loop of Curry successfully ...