Burn Edition

"The Check may or may not be notable."

The early months of 2021 would have been another phase in the world of tech with the usual advancements in blockchain and crypto. However, NFTs had other plans as they made a huge impact in the month of February with a $69 million sale of a piece of digital art. Non-fungible tokens have been around since 2016, with popular projects such as CryptoPunks or CryptoKitties being some of the early pioneers in this space. 

However, many people have been assuming that NFTs are just over-hyped digital images and are not different from JPEGs. On the contrary, NFTs are more than JPEGs in many ways, starting from verification of ownership to authenticity of the artwork. The following discussion will help you understand why NFTs, which can rake in around $40 billion, is definitely more than JPEGs.

As nice as it sounds, don"t forget that everyone is here for the money.