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NFTs Explained

An 8-Minute Guide to Non-Fungible Tokens

Basic Concepts

Examples of fungible things:
A US $20 Dollar bill
A quarter
0.1 Bitcoin
A gallon of milk
A gallon of gasoline

Examples of non-fungible things:
The Mona Lisa
A rare antique 1670 violin (on eBay for $275,000)
An original 19th century painting from Austria (on eBay for $100,000)
A 1952 Mickey Mantle rookie card which sold for $5.2 million in January
A family heirloom handed down for many generations

The Hype
Beeple’s collage, Everydays: The First 5000 Days, sold at Christie’s. Image: Beeple
The Technology Hype Cycle
Looking Ahead

Author

Alexandre Lores is a personal finance writer from Tampa Bay, Florida, with the goal to help one million people achieve financial freedom. He has spent over five years studying markets and economics, finding Bitcoin in 2017 and never turning back. He frequently appears on TV and in online news articles and is a regular Twitter spaces host.

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