The rise of digital art and non-fungible tokens (NFTs) has taken the world by storm this year, and as our purchasing habits continue to shift online, London has found itself at the forefront of the mania.
Since their creation in 2014, a growing number of people are now spending a fortune on things that cannot be seen or felt in real life through NFTs – from digital clothing to artwork, and from music to GIFs.
An NFT is a unique, one-of-a-kind crypto asset that enables collectors to authenticate, own and trade original authenticated versions of special digital goods on the blockchain.
In economics, a fungible asset is something with units that can be readily interchanged, like money. You are able to swap a £10 note for two £5 notes and it will