In recent years, a trend known as NFTs, or non-fungible tokens have taken the art scene by storm. The market has seen explosive growth in 2021 with celebrities like Tom Brady, Snoop Dogg and Grimes jumping into the market. In October, Sotheby’s and Coinbase also announced their intentions in launching their own NFT specific marketplaces. But NFT’s astonishing success has also led to deep skepticism. So just how do non-fungible tokens work and is it an asset worth investing in?
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Francisco Gimeno - BC Analyst NFTs are real, in a real digital world. And they have a value and yes, they help creators and people who deal with creations. And yes, as crypto is the currency of the 4th IR, NFTs can be also the digital stuff of the new 4th IR economy. So, even if the NFT's bubble burst (and that's welcomed), as ICOs' bubble in 2017, NFTs will continue, will evolve and will be a central item in this digital world.