What is an NFT and why do they matter? NFT is a term that has been appearing all over social media and the news in the last few months. An NFT is a Non-fungible token, stored on a blockchain, which is essentially a digital ledger. NFTs function similarly to a cryptocurrency like Ethereum or Bitcoin. The major difference between interchangeable tokens like Ethereum and an NFT is that each NFT is uniquely different, hence the word non-fungible. An NFT can be a digital picture, song, file, and much more. Ownership of an NFT does not confer copyright or the ability to use legal action. Instead, it is more of a…
For technology to be a true game-changer, it must focus on making something possible that was previously not possible. Most financial assets could benefit from blockchain technology by way of faster processing times and lower transaction costs versus more traditional methods. However, looking at things through this narrow, cost-benefit lens is limiting investors from unlocking the full potential of tokenization, especially when it comes to things like alternative assets.