NFTs, explained: what they are and why theyre suddenly worth millions
An artist like 3LAU might sell one album NFT to a superfan for $3.6 million, and make more money than they would have from a lifetime’s worth of Spotify streams. Unlike standard digital files, NFTs can contain tiny computer programs called “smart contracts,” which sometimes can issue royalties to an NFT’s original artist when the NFT is resold. Because NFTs […]