The future of NFTs goes well beyond JPEGs. These use cases are just a starting point.
You are probably sick of hearing about NFTs at this point. Perhaps you’ve heard of celebrities like Paris Hilton and Tony Hawk joining in on this crypto world of art or the astronomically high prices people are paying for cartoon monkeys and pixelated images.
There is certainly a lot of hype around NFTs, and people are quite rightly questioning why others are so obsessed about what seems to be just a JPEG. But NFTs are really much more than that, so let’s dive into the tech and get to understand what this phenomenon is all about.
Just so we’re on the same page, let’s start by defining what an NFT is exactly.
Source: NFTs: Beyond the JPEG | Inc.com