If you have been on the internet over the past year, you will likely have seen the term “NFT,” which stands for “Non-Fungible Token.” NFTs have become extremely pervasive in business and popular culture as of late, but for people outside the wild world of Web3, it may not be so apparent why these funny-looking .jpeg images have amassed such widespread notoriety and adoption.
At a high level, NFTs are essentially a form of verification to show that you actually own something — like…