NFTs, Explained: What Are They and Why Are Some Worth Millions? | Sydney

About this event

"Beeple sold an NFT for $69 million.” Does this news intrigue you? Are you like most of us who hadn’t heard of NFTs before this and are wondering what an NFT is and why it is worth millions of dollars? Well then you are at the right place!

Non-Fungible Tokens (NFTs) are the latest blockchain craze to gain attention in mainstream media. Each NFT is a unique, “one-of-a-kind” asset without interchangeable properties. Unlike bitcoins or cash, it cannot be substituted for equivalency. So what’s the big deal with NFTs then?

While some believe that NFTs are a short-term hype in the collectibles space, others think that these could make a long-term impact on industries like gaming. Whatever the case, there sure is a lot of enthusiasm around NFTs in recent times and it will last for a while.

So if you are involved or interested in tech, join us for this insightful session to learn more about NFTs and discuss their possible applications in the future. Consider this the beginners guide to NFTs!