NFTs Are Fueling a Boom in Digital Art. Here’s How They Work | WSJ

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Non-fungible tokens, or NFTs, have exploded onto the digital art scene this past year. Proponents say they are a way to make digital assets scarce, and therefore more valuable. WSJ explains how they work, and why skeptics question whether they’re built to last. Photo Illustration: Jacob Reynolds/WSJ

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Responses (31)

  1. So its an intangible beanie babie? 🤔

  2. The souls series story is easier to understand than NFTs

  3. Whats really annoying is that all these rich people are buying literal gifs you can find on google images with the money so many others could use for real necessary things to live

  4. You try to give the video more brightness it will be great if you do

  5. NFTs don’t have any tangibility in the real world, in other words the assets don’t have a physical existence. I can understand the uniqueness of a work of art that cannot be replicated but digital media can be replicated indefinitely.

  6. Deffo started for money laundering, now kids grown privileged are turning thousands to millions

  7. I don't understand what I don't understand

  8. People are so ******g stupid. Technology is leading us around by our noses.

  9. I think I kind of get it now. It's so stupid that the government wouldn't even take a second glance at it. It's the perfect disguise.

  10. she has the mouth of the joker.

  11. 심슨 베끼는 사람 좋아요

  12. Probably one of the dumbest things I’ve seen in a while !

  13. There was Monolisa art shown, they she appeared and started talking ..

  14. so nfts are a way of making something original but its really hard to verify the originality of the owner? doesnt that defeat the entire purpose of having that blockchain? good luck with that digital art as long as people can copy and paste i guess.

  15. I've never felt older.

  16. Like with normal crypto, even though I believe I understand how it works well enough, I can not understand the why. Why is there so much money running through this?

  17. NFT was another meme gif pump and dump..

  18. This is how you know we need to tax rich people. They have too much money to waste

  19. Are there are videos that explains NFTs through a lens of nuance?

  20. I'm just not seeing the value in a NFT. Are we to look at them as pieces of artwork? I think someone could also say, "What's the value in the Mona Lisa?" It only has value because we believe that it has value…huh, that's basically everything on Earth except food, water, and shelter.

  21. Opensea collection Zoo De La 8bit, auctions/selling.

  22. I can't wait to move to a new planet.

  23. Wait, it's that stupid?

  24. If it can be copied then it's fungible.

  25. She's a cart titan.

  26. Why am I not understanding this. I’m 20 mins in on really trying to get a understanding which I get it but I don’t get how can one person own a digital image like where is the value.

  27. to be honest, Nyan cat NFTs are more better than Ugly NFTs

  28. Despite everyone talking about how stupid this is in the comments it seems like an easy way to make money if you can figure it out