non-fungible token. it's when you "own" something in a blockchain. I think they're just a dumb fad, and they won't become more relevant unless a more practical use for them is found.

"NFTs impart no legal ownership, give no rights to the artwork, are non-unique, and provide nothing of intrinsic value except the sign value of owning bragging rights to announce to other crypto bros about a shared collective delusion about database entries. (12/)"

https://twitter.com/smdiehl/status/1445795667826208770 (thread)