Sure, you can make copies of the original as prints and sell them in IKEA, for example, but they are not the original and don’t have the same value - much in the same way that a cubic zirconia is not a real diamond.

Think of it like a Picasso painting: The original Girl Before a Mirror would be the NFT - it’s unique, the first of its kind, the genesis piece, non-fungible or not interchangeable.

NFTs, a buzzy new term, which, despite how it might seem, has been in operation for more than the past month, stands for non-fungible tokens, a new crypto craze transforming the way we consume, collect, own, and create. “The NFT space booming has been a complete shock to me,” says Jordan Castro, lead developer at CryptoKitties, which in part is how, why, and where this all began. If you joined Clubhouse, you may have noticed that the conversations have shifted from sustainability and bad dates to NFT creation, with such discussion subjects as “Why do my NFTs suck?” Even Anna Sorokin (aka Anna Delvey), the fake heiress recently released from prison, says she’s working on an NFT project. Kings of Leon just became the first band to release their latest album as an NFT, and Twitter CEO Jack Dorsey recently put the platform’s first-ever tweet up for auction, also as an NFT. A day before, RTFKT Studios, creators of digital collectibles, released a drop of virtual sneakers in collaboration with Fewocious, which made $3.1 million in five minutes. Two weeks earlier, when Grimes released 10 pieces of NFT artwork through the online marketplace Nifty Gateway, the pieces - titled WarNymph Collection Vol 1 By Grimes x Mac - sold out in less than 20 minutes and made $5.8 million (a percentage of which was to be donated to the NGO Carbon180). “Holy f*ck,” tweeted the digital artist Beeple on March 11 when his The First 5000 Days NFT, in the form of a JPEG, sold at auction for a staggering $69.3 million, making him one of the most valuable living artists.

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