Footballers like former Chelsea and England captain John Terry, have been falling over themselves to produce NFTs of their own. Yes they are, although such an example is probably emblematic of NFTs at their least original. These tokens exist on a unique digital ledger known as a blockchain, in the same manner as cryptocurrencies. At present, NFTs can only be purchased via cryptocurrency, primarily the Ethereum (a type of blockchain) variant. The absurdity of NFTs however, in an ape artwork sense say, is that while a non-fungible token may be unique, the copyright of the image is not held by the NFT’s owner.

Source: Irish Examiner April 23, 2022 08:37 UTC