Not Sure . . .

. . . I understand . . . 

https://wdrfree.com/stock-vector/download/cartoon-

kid-thinking-in-confusion-394243706

 

(from https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq)

". . . What is an NFT? . . . Non-fungible token. . . “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. You gave up a Squirtle, and got a 1909 T206 Honus Wagner, which StadiumTalk calls “the Mona Lisa of baseball cards.” (I’ll take their word for it.) . . . How do NFTs work? . . . At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs. (Some already have.) . . . Do people really think this will become like art collecting?. . . I’m sure some people really hope so — like whoever paid almost $390,000 for a 50-second video by Grimes or the person who paid $6.6 million for a video by Beeple. . . "

Confusion - The Electric Light Orchestra

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