What is a NFT, I hear some people ask?
NFT stands for "Non-Fungible Tokens" and is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin.
[Editors note: sourced from wikipedia]
If you still do not understand, we recommend you doing a google search, go to this website or downloading an audio book to learn more - truth be told, many at Chronicle Chamber are still getting their heads around it. Many will not understand what a NFT is but in our best way to further explain it simply in our own words, read on..
It's a unique piece of art (or music, photo etc) that there can only be one owner. Others may be able to use it, but there is no ownership dispute and there is providence backing up the ownership. If it gets re sold in a controlled medium, the past owners also are tracked and included in the providence. Unlike bitcoins, NFT are non fungible which means you cannot swap one for one.
The trend has seen some amazing prices spent on NFTs in the last few years with prices fetching over $100,000. Interesting in one form or another, NFTs have been around for close to a decade. It was only a matter of time before we see the Phantom enter the market with many DC, Marvel and other artists already using it.
David Barry, the son and agent for master artist Sy Barry has announced on Facebook on the birthday of the Phantom that you will soon be able to buy NFT Phantom art. You can read the Kleckt (4 C Collectors, Inc.) announcement here.
Do any readers here have NFTs in their portfolio and will you buy a Sy Barry Phantom NFT?
Thanks to David Barry and Mikael Lyck for the news.
