A unique card of the best football player in the world Cristiano Ronaldo sold for 186,000 euros, an original video of an exploit by American basketball star Lebron James for 208,000 dollars, a digital work of art at more than 3.5 million euros euros… For several months, digital collectibles have been a huge success with sports, art and music enthusiasts.
More precisely, they are “non fungible digital assets” (NET, for “non fungible tokens” in English).
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Non-Fungible means that this digital good is not interchangeable, that it is linked to its owner, like a plane ticket for example.
Unlike a bitcoin or other cryptocurrency, where one token is worth any other, a non-fungible digital asset is rare, or even unique, which makes it so valuable.
Yet it is the same technology that underlies them: the blockchain.
The latter revolutionizes the notion of value exchange in the digital world.
Gone are the days of
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