Explainer: what are NFTs and how do they work for films?

Confused? Don't be. NFTs are likely here to stay, not least in the film and TV industry. Let us explain ...
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Chances are you’ve heard tell of non-fungible tokens, or NFTs for short. But hearing the term doesn’t necessarily equate to understanding what NFTs actually are or what one’s supposed to do with them.

We’re going to try and keep this as simple as possible, because even the most basic Google search can throw up increasingly confusing ‘explanations’ that leave you considerably more perplexed than you were before.

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Stephen A Russell is a Melbourne-based arts writer. His writing regularly appears in Fairfax publications, SBS online, Flicks, Time Out, The Saturday Paper, The Big Issue and Metro magazine. You can hear him on Joy FM.