You may recall from last year that Twitter CEO Jack Dorsey sold the first ever tweet for $2.9 million. Three months later, someone paid $4 million for a version of the popular ‘Doge’ meme. How, though, does anyone sell a tweet or a meme? Given that they were freely available on the internet in the first place, why were they so expensive? Welcome to the complex world of NFTs.
This developing marketplace might be easily dismissed as a fad right now – but it’s gaining traction at such a rate that it will probably be an entirely standard practice by the time the current generation of children are adults. In this week’s #WakeUpWednesday guide, we bring parents and carers the basics – and, of course, the common risks – of non-fungible tokens (NFTs)
Please check the link to the top, to learn more about NFTs.