What is an NFT?

NFT stands for 'Non-fungible token', which means that the digital asset is unique and cannot be replaced with something else.

If you think of a one-of-a-kind trading card - if you tried to trade it for another card, you'd have something completely different.

NFTs can be anything digital, so for example illustrations, photos, music etc, however in the context of UNITS we are dealing in solely digital art - we're all about the art baby!

Think of buying an NFT as either starting or contributing to your art collection. There have been many cases of NFTs being bought and then being sold further down the line for a great deal more money - 2 examples are a 50-second video by Grimes being sold for $390,000, or the saler of a video by Beeple by $6.6 million. These are extreme examples, but it goes to show that NFTs can translate to very real money.

NFTs offer artists a way to sell their art and maintain control over their sale, therefore NFTs are a great way to support artists.