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  • BBC Science Focus Magazine

    Are NFTs really the future of society?

    Mar 16, 2022 3 minutes

    NFTs have captured the world’s attention, with pictures of monkeys selling for millions, celebrities and influencers launching their own projects, and a lot of people losing or making huge amounts of cash. But are they a scam, or are they the future of authentication?

    WHAT IS AN NFT?

    NFT stands for non-fungible token. Fungible means something that is interchangeable. A dollar is fungible because it doesn’t matter which dollar you use. Non-fungible is everything that is unique, so that could be a one-off painting like the . Everything physical or digital that is unique is non-fungible.

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