NFT stands for non-fungible token, a unique bit of data stored on a blockchain that confers a type of ownership of a piece of content. However, people often use “NFT” to refer to the content itself, which can include images, video, gifs, and all sorts of other digital creations. NFTs are often described as digital collectibles, with the blockchain – a digitally distributed, computationally intense leger – acting as the database of who owns what.
Are NFTs the Next Big Thing for Content Creators?
Collins Dictionary has chosen “NFT” as the word of the year for 2021 – but what are they, and what do they mean for content creators?
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