Big Picture

Non-fungible token artwork sells for millions

Texas, US

NFTs (which some have taken to pronouncing “nifties”) have exploded onto the scene in the last month. Simply put, NFTs are digital items backed by blockchain technology. While being based on the same technology as cryptocurrencies, each token is unique and noninterchangeable. The appeal of the technology to art collectors is obvious, giving ephemeral digital possessions the exclusivity of real-world art objects. The pictured example “Hashmask 15753” was released into the public domain by its owner.