Artists across Lebanon are increasingly diving into the world of nonfungible tokens (NFTs), which are digital tokens that can be thought of as certificates of ownership for virtual assets.
They cannot be traded or exchanged as each is unique. Hence, NFTs are different from cryptocurrencies as they’re nonfungible, meaning the value of one NFT is not equal to another because each NFT is a unique, one-of-a-kind digital item — unlike a Bitcoin or an Ethereum, which are interchangeable as they hold the same value.
