Yng-Ru Chen, owner of Praise Shadows Art Gallery in Brookline, made her first NFT purchase three years ago in an online art sale. “I was really intrigued by the focus on collective ownership,” said Chen in a phone interview. “Buying a NFT felt like an experiment, like I was on the edge of something very different.”
NFTs — or non-fungible tokens — are like proof-of-purchases for one-of-a-kind digital assets, usually original works of art. And NFTs can sometimes be purchased using forms of cryptocurrency that maintain a blockchain system, or permanent logs of all transactions made with that particular tender.