People like non-fungible tokens – level 2

12-07-2021 07:00

NFTs are non-fungible tokens, and they became very popular in 2021. A non-fungible item means that there exists only one original, and people cannot make a copy of it.

There is a special digital certificate which the owner has, and the person who made the item can see who the owner is.

Artists, musicians, and creators sold some very unusual things this year. People spent hundreds of thousands of dollars on horses which lived only online, digital trading cards, or a virtual reality house. Some people like the idea of being the only one who owns something, and they will pay anything for that.

Difficult words: token (a piece of paper or card which people exchange things), creator (a person who makes something), trading card (a set of cards with pictures which usually children collect, and they trade them with each other).

You can watch the original video in the Level 3 section.

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