What’s an NFT? How I explained the concept to my boomer parents


What’s an NFT? How I explained the concept to my boomer parents

Jennifer Jolly

Special to USA TODAY

NFTs, or “non-fungible tokens,” are having their breakthrough moment. In just the past few months, they’ve evolved from mostly curiosity’s to more commonplace collectibles. On Thursday alone, people spent nearly $195 million buying up almost 93,700 NFTs, according to website NFT Stats, while Denmark-based Influencer Marketing Hub reports NFT trading volume added up to nearly $11 billion in the third quarter of 2021. Still, very few people have heard of them, know what they are, why – or if – they even matter. 

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