Artists are selling limited edition digital art with NFTs. Here’s how it works

If you’ve spent any amount of time on the internet this week, you’ve probably seen a Facebook post or a tweet or a news headline about “NFTs.” 

The term stands for non-fungible token, and while you’d be correct to assume it has to do with cryptocurrencies and blockchain technology, NFTs aren’t actually a new type of currency. Instead, they’re a kind of a proof of transaction — almost like a receipt — denoting acquisition of a rare or unique digital asset.