What is this NFT?? NFT Explained!!
- Now to the latest trend that's sweeping the internet. - So-called NFT. - [Reporter] They're now selling for huge bucks. 69 million dollars. - So what's behind this latest craze? - That is the question to ask. - Okay, so there's some super strange stuff happening online right now, and I need to tell you about it. First, look at this tweet. The first tweet ever tweeted in the history of Twitter. The tweet was by Jack Dorsey. - I'm one of the co-founders of Twitter. - And this tweet was somehow just purchased for $2,915,835.47. - (laughing) You serious? - And it's not just a tweet. Just last month a single jpeg sold for 69 million dollars. The NBA is selling little moments of basketball games for hundreds of thousands of dollars. There are all sorts of digital things that people are purchasing a version of them for lots of money. There are three simple letters that you need to understand to understand what's going on here. Those letters are NFT. - Now to th...