NEW YORK: A New York Times columnist on Thursday sold one of his articles in digital form for $563,000, the latest example of the craze surrounding “non fungible tokens” that collectors are snapping up.
Keven Roose’s article entitled “Buy This Column on the Blockchain” was itself aimed at trying to test the market as to what sort of items would sell in the form of an “NFT.”
A non-fungible token (NFT) is a digital object, such as a drawing, piece of music, photo, or video, with a certificate of authenticity created by blockchain technology.
This authentication by a network of computers is considered inviolable.
The virtual object, which is actually a computer file, can be exchanged or sold with its certificate.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
