How do NFTs work?
NFTs operate on blockchain technology. The blockchain is basically a large, digital, public record. The most popular blockchains are distributed across many nodes (read: peopleβs computers), which is why youβll hear them described as βdecentralized.β
Letβs say you want to buy a piece of artwork from Tyler Hobbs. With NFTs, you can see the entire history of that piece, all the past owners, every sale, all the way back to Hobbsβ original creation of the piece.