NFT – Bubble or Opportunity?
Posted by ROSS Magazine on
NFT – Bubble or Opportunity?
By James Clarke-Lister
NFT’s, or ‘non-fungible tokens,’ are revolutionizing the concept of ownership and transferability of nearly every conceivable item, whether it digital or physical.
Most of you have likely heard the term ‘NFT’ going around – many of you wondering, what exactly is it? Is it a type of JPEG or digital art? One way to think about an NFT is as a unique identification code, similar to that of a serial number. Unlike serial numbers stored in a database under a corporate entity, an NFT and all its data are stored on what’s called the blockchain. Understanding the blockchain can be complicated; however, at a surface level, we can think of blockchain technology as quite literally, a chain of Internet…
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