Search Avyanna
Business Cryptocurrency

What does this mean to the world of Crypto as New York Times column sold as NFT for $500,000   

#Cryptocurrency #Crypto #NFT #New York Times


pic20

Joe Waiganjo
@Techy.Rack · Posted 26 Mar. 2021

New York Times (NYT) technology column by Kevin Roose was sold as an NFT, a type of digital asset, for $500,000 at an auction, making it the first of its kind sale for a newspaper. The column named 'Buy This Column on the Blockchain!'


pic21

Ryan M
@RyanM · Posted 26 Mar. 2021

Can someone explain to me what an NFT is? I've been hearing about them everywhere as of late and I don't get it. So it's a digital asset? So if I make a site, and say "Buy this" it's an NFT? 

I am curious about it though. Wonder if I can make something to make money. :D 


pic21

Joe Waiganjo
@Techy.Rack · Posted 27 Mar. 2021

NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games.  NFTs are sold on any of various online marketplaces, where users can “mint,” or create, one for anything digital. For some artists, NFTs are a way to make money from digital art. Royalties can be built into the artwork directly, so that each time the artwork is sold the creator receives a cut. For potential meme dealers who want to make money out of the images they create, this can be an attractive prospect.


Please login to add your answer