Technologycalendar_todayLast updated: Apr 2026
What is NFT?
/ˌɛn ɛf ˈtiː/
An NFT (Non-Fungible Token) is a unique digital certificate of ownership stored on a blockchain that proves you own a specific digital item — an image, video, piece of music, or any digital file.
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Everyday Example
Buying an NFT of a piece of art is like buying the signed original painting — someone can still photograph it or make copies, but only you own the "official" original.
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“An NFT of a digital collage by artist Beeple sold at Christie's in 2021 for £50 million, making it one of the most expensive artworks ever sold by a living artist.”
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Did you know?
NFTs existed in rudimentary form since 2014, but the 2021 bull market in crypto caused an explosion of interest — followed by a 97% collapse in market value by 2022.
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Key Insight
The value of an NFT is entirely social — it is worth exactly what someone else is willing to pay for it. Without ongoing cultural recognition, most NFTs are worth nothing.
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