You don’t need us to tell you how badly a post this misses the point if you understand NFTs. If you have come here because you do not completely understand NFTs just yet, we applaud you for genuinely trying to figure it out rather than dismissing the concept like so many others.

What strikes us as the most stunning aspect of these posts is who is the artist behind them. It should come as no surprise that someone who is not-so-into crypto is also not-so-into NFTs, but crypto investors appear to be the most vocal in their opposition to NFTs. When it comes to NFTs, people who otherwise appear to live in the future of finance also appear to be stuck in the past. When trying to explain NFTs to those who are not in the trading industry, one of the most typical mistakes is failing to define what an NFT is. You have probably seen them compared to digital sports cards, which is not a bad comparison to make when talking about the hobby of collecting NFTs, but it does not explain the difference between buying one and simply storing a JPEG.

A token that is non-fungible is simply, a token. An NFT is similar to an Ethereum or Bitcoin token in that it is difficult to replicate. These tokens, on the other hand, are attached to external media such as JPEGs, documents, and tickets. Is it possible to duplicate this type of media? Yes, definitely. Anyone can duplicate anything by saving a JPEG of it, but that does not make it theirs. Consider downloading a world-famous image such as the Afghan Girl or Tank Man and attempting to convince someone that it is yours.

People would think you’re mad, and they’d be right. If the original photographer converted either of those photographs into an NFT and you bought it, that’s when it will start to be blockchain-certified that you own it. That’s what makes any type of media an NFT – and all yours.