A digital-only artwork has sold at Christie's for an incredible $69 million - with the winning bidder receiving a unique digital token known as an NFT. If you're still trying to figure out what NFTs are, you're not alone.
NFTs or Non-Fungible Tokens are digital collectibles that are unique, with a record of ownership that exist on a crypto technology blockchain, usually Ethereum. They can be tangible items like art or intangible like digital art, which can be copyable but only has one owner. Sunday Morning tech correspondent Helen Baxter explains.
A non-fungible token (NFT) is a special type of cryptographic token which represents something unique. Photo: 123rf
