NFTs are unique assets that exist on the blockchain

The acronym NFT stands for non-fungible token

NFTs have developed as a secure way to use cryptocurrencies and the blockchain to create unique digital art, allowing the owner to prove ownership of a specific digital item.

NFTs can be used for fractionalized ownership of assets

Non-fungible token is a term used to describe a unique digital asset whose ownership is tracked on a blockchain, such as Ethereum.

NFTs create a unique digital signature to prove ownership

NFTs create digital certificates for unique online collectibles, mainly on the Ethereum blockchain. Artists can leverage NFTs to verify their online works.

NFT trading volumes rose 700% in the third quarter of 2021

Non-fungible tokens, digital assets backed by smart contracts, gained mainstream recognition in 2021 as the digital assets’ popularity rose in tandem with investors’ appetite for risk. NFTs are unique and not divisible.

At their peak, some believed NFT royalties could create a new income source for artists

Non-fungible tokens’ role in the art world is evolving with experiments such as automated NFT royalties that generate income when an NFT is resold.

Listen to a podcast episode about the time a 'Bored Ape' NFT—a valuable, unique digital asset stored on a blockchain—was kidnapped.

A unique art piece became the most expensive NFT when it sold for $92M

Non-fungible tokens sold for millions of dollars during their popularity peak from 2021 to 2022, with the top ten most expensive NFTs all costing upwards of $7M.

NFTs have been leveraged by brands to represent physical and digital items

The buzz around non-fungible tokens has faded since 2021 to 2022, when brands including Prada and Starbucks launched their own NFTs. While Prada’s NFTs were linked to limited-edition fashion items, Starbucks’ were part of a loyalty program.

The biggest NFT projects that live on Ethereum include Bored Apes

Non-fungible tokens are primarily built on the Ethereum blockchain, though other blockchains host the tokens. NFT projects hosted on Ethereum include Bored Apes and plots of land in Decentraland.

Smart contracts are the foundational technology behind NFTs

Smart contracts use “if that, then this” logic to track the ownership of NFTs and record when they are bought and sold on the blockchain.

Ethereum Founder Vitalik Buterin was surprised by the emergence of NFTs

Scams have pervaded the NFT space and made critics question their legitimacy, but proponents believe their use cases could one day extend to real estate and credit scores.

NFTs can be minted using an online marketplace or directly on the blockchain

Minting, or creating, an NFT is how NFTs are added to the blockchain. The process can be simplified by using a popular marketplace.

‘SNL’ sketches often follow a uniform structure

Sketch comedy relies on pacing, with scripts that hit certain beats. "SNL" often greenlights sketches that lean into a particular formula that features two "turns," or unexpected events that disrupt the "base reality" of the story.

Alternative investments can include everything from cryptocurrency to fine art

The financial assets typically fall outside the scope of traditional investments like stocks and bonds, and they’re often intended to diversify investor portfolios.

The number of active art NFT traders peaked above 529,000 in 2021

The market for art non-fungible tokens has collapsed since its 2021 peak. In 2024, it had just 76,000 active traders.

Memecoins are cryptocurrency created around popular 'memes,' or viral internet jokes

Dogecoin is perhaps the most famous "memecoin." While they tend to be more volatile than other types of crypto (after all, they're often created due to ephemeral trends), that doesn't mean they can't be valuable: Dogecoin is currently one of the most valuable cryptocurrencies in the world.

Bubbles can exist in markets for collectibles, not just industries and technology

This podcast tells how "Magic: The Gathering" faced its own speculative bubble as rare cards surged in resale value—risking a Beanie Baby-style crash. It follows how the game’s creators tried to engineer a system to keep a collectibles market from collapsing.

A 'unicorn' is a private company with a $1B-plus valuation

Just like a horse with a spiraling horn on its head, private companies with a more than $1B valuation are rare creatures. But unlike the mythical creature, this type of “unicorn” is occasionally spotted in the wild. Unicorn companies include SpaceX, OpenAI, Skims, and more.

'SNL' parodied Liza Minnelli's showbiz persona

Kristen Wiig plays Minnelli in the skit, poking fun at the Broadway star's extravagance and onstage presence. Minnelli is unable to perform regular tasks without whipping out Fosse's dance moves.

SNL's history in 60 seconds

Saturday Night Live has been a fixture of American comedy since 1975. Created by Lorne Michaels and Dick Ebersol, the show was designed as an alternative to late-night reruns, blending live sketch comedy, political satire, and celebrity impressions.

A beginner's guide to creating your own NFT

It took 12 hours and three different Apple devices, but this 30-something poet successfully minted her first NFT, and so can you. Here’s a step-by-step guide to creating an NFT.

Meme stocks often have little underlying value but are fueled by crowd funding

"Meme stocks" is a phrase originating in the early 2020s, referring to companies with little underlying value who gain recognition through social media and whose stock price experiences rapid gains.

'NIL' in college sports refers to 'name, image, and likeness'

In 2021, the NCAA began allowing its student-athletes to profit from using their name, image, and likeness, now often called NIL. While this is now permitted by the NCAA, state law (and school policies) largely dictate what is permitted.

Many bitcoin enthusiasts have compared the cryptocurrency to digital gold

Gold is valued for its stability and reliability, serving as a hedge against inflation and economic uncertainty. Bitcoin shares both of these characteristics, but also provides near-instant liquidity and isn’t subject to government regulation.

Every ‘SNL’ season, ranked

This list gives an overview of the strengths, weaknesses, and nuances of every one of the 50 seasons of "SNL." Helpfully, it also includes plenty of great sketches, acting as a compilation of the legendary show’s definitive moments.

Crypto history's is full of bizarre stories

Digital currencies based solely on misspellings of former President Joe Biden’s name have skyrocketed, and backers of a token based on a Shiba Inu wearing a hat raised $690K to get their logo on the Las Vegas Sphere.

A simple visual explanation of how blockchains work

Blockchains are decentralized, distributed, and digital methods to record transactions and prevent alterations and tampering of the record. That's a simplified definition. This easy-to-understand six-minute video further and better explains what blockchains are and how they work using colorful illustrations and clear, concise clarifications on their processes and what makes them so special.

Cryptocurrency acts as a store of value

Traditional money, dating back to its first known uses in ancient Babylonia, has many uses—it reduces friction in transactions by providing a common denominator of value (unit of account), acts as a single item accepted by many vendors (medium of exchange), and holds wealth as a store of value.

Some ads help create ‘symbolic value’ for products

A Rolex watch and a watch from the Dollar Store serve the same purpose: helping the wearer tell the time. But a Rolex is worth thousands of dollars while the Dollar Store watch is costs $1 because of symbolic value, or what the watch says about its wearer. This article helps break down the difference between the two.

The NFL is so successful because it is perfectly suited for television

The predictable weekly cadence of football games ritualizes the experience of watching together, and their relative scarcity makes every game meaningful. With the stop-and-go play of the sport, there are predictable, repeating stoppages to allow broadcasters to sell lots of advertising inventory. The league sits in the sweet spot compared to MLB (many games) and NBA and soccer (continuous play with fewer ads). This Acquired episode distills fascinating insights into the NFL's business and history.

Alternative investments carry unique tax implications

The specifics depend on the type of alternative asset, as well as how long you hold it for, and your income.

Convertible notes represent loans that startups owe investors

In the second part of a two-part series, convertible notes are explained to be a tool angel investors use to ensure they see a return on their investment in a startup.

What are smart contracts?

Smart contracts are potentially one of the most useful tools associated with blockchain, and they can enable the transfer of everything from Bitcoin and fiat currency to goods transported around the world. Here’s what they do and why they’re likely to gain traction.

Trusts are estate planning tools

They’re used as a way to designate assets to beneficiaries while skirting certain taxes and maintaining one’s privacy. They can hold a wide range of assets, including cash, real estate, stocks, businesses, and more.

A startup is trying to create the diamond equivalent of the gold standard

It's called the Diamond Standard Co, and it uses an algorithm to assign standard values to a variety off small diamonds, grouping them together into individual coins. Historically, diamonds haven't been able to be classified as commodities or standardized like gold because they aren't uniform—factors such as clarity, cut, color, and carat size significantly influence the value of a diamond.

Beanie Babies used to be viewed by some as alternative investments

Beanie Baby stuffed animals were once a hot collector item with skyrocketing prices as people believed that the toys would significantly grow in value over time.

Dogecoin, the seminal memecoin that has no specific use

Dogecoin has ridden a wave of enthusiasm to become one of the most valuable cryptocurrencies. Created in 2013 by software engineers as a joke, the token has become the poster child for the viral and unpredictable nature of the cryptocurrency market, and has inspired tens of thousands of imitator coins.

'SNL' was originally called 'NBC's Saturday Night'

Another show already owned the title: the short-lived "Saturday Night Live with Howard Cosell." The variety show only lasted one season and was widely panned, despite featuring several talented comedians—like Bill Murray, Christopher Guest, and Billy Crystal—who'd later be stars on "SNL" ... after officially changing its name.

Cryptocurrencies are forms of digital currency

Cryptocurrency's key feature is decentralization. Unlike traditional money, they generally aren't controlled by a single authority. As of early 2025, cryptocurrencies had a cumulative market cap of almost $3.4T, making them worth more than some of the world's most valuable companies, like Google and Amazon (both valued at roughly $2.3T).

Visualizing the world's $261T in investable assets

Nearly half of the world's portfolio of stocks and bonds originate in the US. Roughly 1% of all investable assets are in the form of cryptocurrency.

The features that make our voices unique

Human voices are about as unique as fingerprints: similar instruments but with endless variations. We each produce sound in the same physiological way, but when we talk we’re dropping clues about who we are, what we do, and where we’re from.

'SNL' spinoffs have had mixed success

As “SNL” became more popular, Lorne Michaels sensed an opportunity to turn some of the show’s most popular sketches and characters into feature films. It’s a strategy that had mixed results: “Wayne’s World” and “The Blues Brothers” are modern classics, while others, like “It’s Pat” and “The Ladies Man,” performed poorly with audiences and critics alike.

'Saturday Night Live' uses a tool to recreate politicians' clothes

The show's costume designer, Tom Broecker, said that the team uses a "cricket," which allows them to scan patterns from images and recreate them for cast members' costumes.

‘Saturday Night Live’ cast rank the show's best comics

"Saturday Night Live" has held a unique role in the cultural zeitgeist since its founding in 1975, providing a national stage of silly mockery and filling our Sunday feeds with the latest impressions of public figures. In its 50th year, 50 cast members weigh in on who their favorite casts and individual comedians were. Read their various opinions here.

Watch an expert explain blockchain technology to five different people: a child, a teen, a college student, a grad student, and a fellow expert.

Fiat money is a currency with no intrinsic, tangible value

Unlike the gold standard, where a nation's currency is linked to the value of gold, fiat money gets its power from the public's trust in its value.

Learn how fine jewelry investing works with this beginner's guide.

Why cryptocurrency matters from Andreesen Horowitz general partner

In this hourlong video, Andreessen Horowitz (a16z) General Partner Chris Dixon discusses "Crypto Networks and Why They Matter," giving an overview of the cryptocurrency space, the transformative implications of its technology, and the potential for cryptocurrency networks to lead a new wave of innovation.

NBA players are the best paid athletes in major US sports

The NFL is the most valuable pro league in the world, but its players aren’t making nearly as much as NBA players. This CNBC video dives into how league structure, salary cap, and guaranteed contracts define how much an athlete will make, and shows how NBA players are able to use those to get almost double the average annual salary of other pro leagues.

When compared to stocks and bonds, alternative investments are often less regulated

Alternative investments are also often less liquid than traditional investments; they carry unique risk, return, and tax considerations.