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What Are NFT or Non Fungible Tokens? Why Should I Care?

In this video, Bitcoin educator and entrepreneur Andreas M. Antonopoulos explains the concept of non-fungible tokens (NFTs) and explains how NFTs are different from cryptocurrencies and what do you really own when you purchase an NFT.

Episode timestamps:

  • 0:00 What is an NFT or Non Fungible Token?
  • 0:52 What is fungibility?
  • 2:25 Programmable collectibles that have special features
  • 3:04 Bragging rights!
  • 4:05 Extra perks for owning NFTs, using them as an access token
  • 4:48 Ownership and control over the asset
  • 5:53 Can NFTs expire?

The video premiered on April 14, 2021.