The Cost of Living ♥s money — how it makes (or breaks) us. We untangle the economic forces at play and transform our understanding of how money shapes our lives. Discover how everyday decisions connect with the larger economy in ways big, small, good, bad, obvious and unseen on The Cost of Living.
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Non-fungible tokens, and how expensive and complicated it is to buy an animated GIF of a cat in NFT form
Would you pay millions of dollars for a tweet? Well, someone has. Digital assets called non-fungible tokens (or "niftys" as some of the kids are calling them these days) are selling for thousands, hundreds of thousands, and yes even millions of dollars these days. They leverage the same type of blockchain technology that cryptocurrencies use. But how do you buy them? What do you get? And are they really a new class of assets - like real estate or stocks?