NFTs: much hyped, but how do they work?


NFTs are digital items that can be bought and sold using this blockchain technology. But they are not fungible, making them a different type of asset. — Digital vector created by freepik - www.freepik.com

PARIS: NFTs have sometimes sold online for astronomical sums, with major companies now joining the craze as the tokens find their way into everything from the art market to video games.

But what exactly are these digital assets, and how are they traded?

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

NFTs , blockchain

   

Next In Tech News

Autonomous agents and profitability to dominate AI agenda in 2025, executives forecast
UN body to protect 'vulnerable' submarine cables after ruptures
Elon Musk's net worth tops $400 billion, Forbes billionaires list shows
Google says feedback shows old search result format is bad for hotels
Warner Bros Discovery plans two-way split aiming for potential cable deal
Meta donates $1 million to Trump's inaugural fund
'Fortnite' maker Epic brings game store to millions of Android devices with Telefonica tie-up
Adobe falls as annual revenue forecast triggers concerns on delayed AI returns
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully
Experts: How to protect your communications through encryption

Others Also Read