https://www.entrepreneur.com/article/373512

Non-fungible tokens (NFTs) are no longer the mysterious, sparsely covered topic they once were. The most noteworthy transactions in this emerging industry, such as Grimes selling a collection of digital art for $6 million or the $69 million sale of a visual art piece by Beeple, have made headlines across countless media sites. The cause for these enormous exchanges is simple: Customers are not only buying and downloading a file, but they're also paying for unique ownership of the entire digital asset.

Despite the spotlight shining on music and the visual arts, it’s important to understand NFTs have evolved far beyond just these functions. Like an autographed painting, record or baseball card, the qualifications for any asset to become a one-of-a-kind NFT are not limited by their real-life functionality — they are almost unlimited because of the flexibility of the NFT-minting system.