ELI5 Non Fungible Tokens - would you pay millions for digital art?
What is all the excitement about NFTs or Non Fungible Tokens? Why did someone pay nearly $70 million dollars for a piece of digital art? Why pay for something that you can simply copy and paste? Is something valuable if it is media that can be viewed all over the internet?
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Thank you to the r/explainlikeimfive community as always and in particular the following users whose questions and comments formed the basis of this discussion: portarossa, brilliantlylouise, basm4, slippery, k_davver & echelon_trigger
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