NFTs Are Fueling a Boom in Digital Art. Here s How They Work, WSJ

Nonfungible tokens, or NFTs, have exploded onto the digital art scene this past year. Proponents say they are a way to make digital assets scarce, and therefore more valuable. WSJ explains how they work, and why skeptics question whether theyre built to last. Photo Illustration: Jacob Reynolds, WSJ These Cryptocurrencies Make Owning Memes Possible WSJ Glossary Markets and economics are complex. It s easy to be overwhelmed by a sea of wonky indicators and lose track of why they matter. This series breaks down the basic terms and ideas that move the markets. More from the Wall Street Journal: Visit Visit the WSJ Video Center: On Facebook: On Twitter: On Snapchat: , WSJ, NFTs, WSJGlossary