Over the past two decades since the dot-com boom in the late 1990s that eventually led to the dot-com bubble in the year 2000, several new tech-investing trends have emerged, including artificial intelligence, blockchain technology, cryptocurrencies and — most recently — NFTs or non-fungible tokens.
NFTs, explained
NFTs are unique, one-of-a-kind digital tokens that can’t be interchanged (non-fungible). Holding an NFT associated with a certain digital asset designates that the holder is the rightful owner of that asset, and that information lives on the blockchain.
Some of the most notable NFT sales in the past year include a digital print by Mike Winkelmann, also known as Beeple, whose work was sold for $69 million at auction house Christie’s; the first tweet by Twitter founder Jack Dorsey that sold for $2.9 million; and the original “Doge” meme that sold for $4 million.
Leaping …
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