Are NFTs Here to Stay?

On Sunday, one of the most viewed YouTube videos in internet history was sold as an NFT for over $700,000. The famous “Charlie Bit My Finger” video, which has over 800 million YouTube views, was auctioned off on a blockchain, with a winning bid of $760,999. The original video will soon be removed from YouTube, after being published 14 years ago on May 22, 2007. This isn’t the first viral video to be auctioned off for thousands of dollars as an NFT, and it certainly won’t be the last. But what exactly is an NFT?

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