What does NFT stand for in a Bud Light next token?

NFT is short for non-fungible token, data that verifies ownership of a digital item. Each of the Bud Light Next tokens' artwork and design will reflect "the passion points of today’s 21+ consumers," including video games, fashion and music, said Corey Brown, Bud Light’s senior director of digital.

Can NFTS make money?

Some people are trying to sell tweets and even colors as NFTs.) Once you're done, collectors can start bidding. Digital artists can build a royalty into their NFTs, even for future sales, which is why many artists see promise in NFTs: It can cut out the middleman and open up a new way to make money.

What's the difference between NFT and fungible currency?

Nonfungible, meaning you can't exchange it for another thing of equal value. A $10 bill can be exchanged for two $5 bills. One bar of gold can be swapped for another bar of gold of the same size. Those things are fungible. An NFT, though, is one of a kind. The token refers to a unit of currency on the blockchain.

Should digital artists buy or sell NFTS?

Digital artists can build a royalty into their NFTs, even for future sales, which is why many artists see promise in NFTs: It can cut out the middleman and open up a new way to make money. If you're not interested in buying or selling them, why should you care?