Tag Archives: NFTs

What Are NFTs (Non-Fungible Tokens)?

NFT

The word “non-fungible token (NFT) ” refers to a token that is not fungible. In economics, a fungible asset is anything that has easily interchangeable units, such as currency. This is unlikely if anything is non-fungible, which means it has special properties that prohibit it from being interchanged with something …

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Ja Rule Sells Fyre Festival Logo Artwork For $122,000

Ja Rule Owes Money

NFTs are getting a lot of hype and headlines. New York rapper Ja Rule sold a 48-inch-by-60-inch oil-paint portrait of the Fyre Festival logo for $122,000. The artwork was sold as a non-fungible token (NFT). The rapper told TMZ that he wanted to get rid of the painting to create …

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