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Collectibles, NFTs, and Why You Should Care About Both Entrepreneur 2 hrs ago © filo | Getty Images Music has recovered from the shakeup Spotify and the likes wreaked in the aughts. TV shows and the film industry have gotten a huge boost from streaming platforms. Now non-fungible tokens, or NFTs, could be changing the prospects of starving artists everywhere and giving the masses access to what has traditionally been a (relatively) niche segment. The combined market cap of major NFT projects has increased by 1,785% year-to-date. Each token exists on a blockchain (like cryptocurrency) and contains unique data (unlike cryptocurrency). The unique data is key; this goes beyond verifiable scarcity. Your NFT is as special and as unique as a child, except more so. You can slap anything into an NFT: your grandmother’s curtains, a sculpture, a record, that fur coat PETA made you hide and even a Tweet or an article. 

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