The NFT Contingency
NFTs which stands for Non Fungible Tokens is the up incoming buzzword that is all the news these days. With NFTs people can manage to sell a simple jpeg image for thousands of dollars. An example being how a guy took a selfie every day only to turn them into NFTs and that resulted in him gaining a million dollars. And the thing is these do get bought, like how Eminem bought the Bored Ape Yacht Club NFT for $452,000. But what is an NFT? And why do we care? Let’s find out. “Non Fungible” more or less stands for something which is unique and cannot be exchanged or replaced. Like how cash can be completely exchanged with the same amount of cash and at the end you will have the same thing as it is interchangeable. However a one of a kind trading card is non fungible as it is unique and cannot be exchanged with another. It uses blockchain technology to verify who has the original ownership over a digital product. The issue with digital goods was that they were harder to monetize. A physica
