NFTs - The Technical Internals
NFTs The Technical Internals If one hasn’t heard of NFTs,Non Fungible Tokens, one could be admonished for living under a rock. In the last few years, we have seen the entry of NFTs into the day-to-day vernacular as a proxy for the hype surrounding cryptocurrencies and their adjacent products such as Krypto Kitties and Bored Apes. The association between those products and NFTs has become so strong that one could be forgiven for interchanging a Bored Ape Yacht Club image and the NFT behind it as one and the same. In reality, the association is much less strenuous than imagined. The more appropriate relationship between a Bored Ape image and its corresponding NFT is akin to associating Uber and Lyft with an internal combustion engine. So what exactly is an NFT and how does it work, and what do Bored Apes, Krypto Kitties, and the NFT hype have to do with each other? I’m going to start off by prefacing that this article is going t...