What is an NFT, in the art world?

Andrew Hansen - NFT

An NFT, or non-fungible token, is a unique digital representation of a good — for our purposes, a work of art. It’s akin to a certificate of authenticity or a deed and it’s recorded on a blockchain (more on that momentarily). Typically (forget art for a minute), an NFT represents something in digital form that you might not previously have thought of as a good: Jack Dorsey’s first tweet, for instance, or a clip of TV footage from a basketball game, or a pixelated cartoon ape in the form of a jpeg.

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