Idea for September 2021: non-fungible token
My idea of the month is the non-fungible token
Mainly because I love the word ‘fungible’. Anyway, a non-fungible token (NFT) is a piece of digital art that can’t be copied and therefore can be sold. It all works through blockchain technology. The founder of Twitter has just sold his very first tweet, as an NFT, for $3 million. So NFTs may be the future of digital art, or of art collecting, or of art altogether. Or of status symbols. Or perhaps their biggest contribution is to bring us that delicious word ‘fungible’.