Metropolitan Digital

Men's Weekly


.

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

More Articles ...

  1. The US just set ambitious offshore wind power targets – what will it take to meet them?
  2. City dwellers gained more access to public spaces during the pandemic – can they keep it?
  3. What can you do with unwanted holy cards and Grandma's religious statues? Well, that depends
  4. Ayn Rand-inspired 'myth of the founder' puts tremendous power in hands of Big Tech CEOs like Zuckerberg – posing real risks to democracy
  5. Mexico moves to legalize cannabis use, a modest step toward de-escalating drug war
  6. Asian Americans top target for threats and harassment during pandemic
  7. Women frequently experience sexual harassment at work, yet few claims ever reach a courtroom
  8. How to make sure Biden's infrastructure plan can hold up to climate change – and save money
  9. How school lunch could improve when classrooms are full again
  10. In fish, parents' stressful experiences influence offspring behavior via epigenetic changes
Metropolitan republishes selected articles from The Conversation USA with permission

Visit The Conversation to see more