In just about any other world, spending nearly $70 million on a JPEG would be seen as absurd. It’s a little bit crazy even in our world. But such is the reality of NFTs, digitized images that are being bought and sold for tens of millions of dollars every day.
NFT stands for non-fungible token, which is still pretty confusing. Essentially, it means that the specific image being bought or sold cannot be owned or duplicated by anyone else. So far, the biggest application for NFTs has been in the...
https://www.freightwaves.com/news/nfts-are-coming-to-a-supply-chain-near-you