Non-Fungible Tokens (NFT) Megathread

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There has been an influx of questions related to Non-Fungible Tokens here on ELI5. This megathread is for all questions related to NFTs. (Other threads about NFT will be removed and directed here.)

Please keep in mind that is **not** the place for investment advice.

**Do not ask for investment advice.**

**Do not offer investment advice.**

**Doing so will result in an immediate ban.**

That includes specific questions about how or where to buy NFTs and crypto. You should be looking for or offering explanations for how they work, that’s all. Please also refrain from speculating on their future market value.

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In: Economics

9 Answers

Anonymous 0 Comments

So as an artist, if someone places an NFT on my work, does that mean that it is theirs now? Do they profit off my work? Is my work universally now known as theirs?

Also, do I need place NFTs on my own art now to really claim it as mine?

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