What are NFTs and next big thing?

In 2005 a photo of four-year-old Zoë Roth standing in front of a burning house went viral on the internet. It became a meme known as “disaster girl”. In April 2021, the image sold for $473,000 as an NFT, or non-fungible token – that’s sort of a digital record of ownership.

And the sales keep coming. Another NFT recently sold for $69 million. The first ever Tweet went for a huge $2.9 million … and a GIF of a pixelated rainbow cat sold for $690,000.

But what is an NFT, and is it really the next big thing? Suzanne Kianpour explores the world of NFT’s.

Produced by Soila Apparicio and Olivia Noon.