NFTs are digital tokens of ownership usually bought with cryptocurrency. They’re often linked to images or videos, but owning an NFT does not normally mean the buyer gets the copyright of the picture. Anyone can view it online and even copy and save it, but only the buyer has the status of being the official owner of its token. Proof is etched onto the uneditable record of the blockchain – a giant spreadsheet of transactions published online. Trading volume – the amount of money in sales across the whole industry – has fallen 89% from the beginning of 2022 to now. What is happening to NFTs?
