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With NFTs, You Need Locks for Your Keys
Posted April 16, 2021
Call me tardy to the party, because I’m just writing about a relatively new investment that’s been making headlines for the past few months.
I’m talking about NFTs, or non-fungible tokens. They’re pieces of digital “artwork.” But they run the gamut from actual artwork to videos of NBA players dunking on competitors.
To give a physical comparison, it’s like the difference between buying a print of a famous painting and buying the painting itself.
If you like the art, you might buy the print to display in your house, but if you’re in it for the potential appreciation, you might buy the original and stick it in a safe so it doesn’t deteriorate. ....

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