**TL;DR** - **Just because it is new does not make it pointless.** NFT (Non-Fungible Token) is [part of the Ethereum blockchain] (https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq) which itself is a cryptocurrency. Yet, to dive deeper and understand fully how an NFT works, it is necessary to explain the meaning of non-fungible. The term is used to describe something that is unique and cannot be exchanged for something else. To explain it another way, a £5 note is fungible because it can be exchanged for five £1 coins. An NFT, by contrast, cannot be converted or exchanged. Due to this quality, NFTs have a greater value because they are one of a kind. Since this is an online piece, some will question why these pieces sell for quite so much money since copies can be easily accessed online and then copied. his is a somewhat valid argument as it highlights that the image can be disseminated for free online. However, it fails to recognise that there is a similar issue with physical art. For example, people can go to a gallery and buy a print of a painting. Yet, it would be incorrect to say that these have the same value as the original. They are simply copies and the real value remains assigned to the original. The same is true of an NFT. Only with the [guarantee of authenticity] (https://mashable.com/article/what-is-an-nft-non-fungible-token/?europe=true) does the NFT have its value, both for the original sale and any subsequent resales.