Aimee B. Davis Law P.C.

What is the Value of an NFT?

{4 minutes to read}
What’s an NFT?
According to Christie’s, a non-fungible token (NFT) is a unique, digital certificate stored on the blockchain evidencing certain “ownership rights” in a digital asset/work of art. NFTs are easily traded by artists and others because the provenance, history, and all activities related to the work can be viewed by the public utilizing the same technology as crypto-currencies. Blockchain technology reduces counterparty risk and enables people who don’t know each other (and will never meet) to transact across borders.