A Rundown on NFTs — what is Value?

By Jacob Hellas

What are NFTs?

At the most basic level, an NFT is a package of data that is part of a blockchain, most often the Etherium blockchain, that behaves differently than crypto coins. The acronym NFT stands for non-fungible-token; non-fungible refers to its unique, and irreplaceable nature. Fiat, and typical Crypto coins are tokens that are identical, and exchangeable, therefore fungible. NFTs are packets of data that are unique, and hold additional data such as the piece of art that they’re connected to. Most NFTs are created with ERC…