Is a digital drawing worth $69 million? That’s the price someone recently paid for an NFT, or non-fungible token, of an online collage. NFTs are like certificates of authenticity that confirm ownership of a piece of digital art, including photos, tweets, or memes. They can be bought and sold, just like traditional art, and many people consider them smart investments. Others say NFT prices are hugely inflated and question whether NFTs should be considered “art.” It remains to be seen whether digital works will hold their value the way traditional artwork does. Listen to hear how NFTs are upending the art world and then debate: Does digital art have value?
Story Length: 7:20
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