What Parents Need to Know about NFTs
A non-fungible token, or NFT, is a unique digital record of a particular file – such as an image, audio track or video (non-fungible meaning it can’t be replaced by an identical item). NFTs let digital content producers like artists and designers control how their work is distributed and monetised. The offline equivalent would be owning a limited-edition art print, signed by the artist, with a certificate of authentication. The value of NFTs is incredibly volatile, unregulated and very much based on hype, publicity and marketing. These digital assets – typically collectibles, avatars for social media profiles or character add-ons for online games – are traded in specialised marketplaces using cryptocurrency.
In the guide below from National Online Safety, you'll find tips on a number of potential risks such as IP theft, scams and financial loss.
We are now a certified school with National Online Safety and as a result are able to offer free training to parents and carers. To access a wealth of easily accessible short courses and explanation videos, please follow the link below, add your details and ensure that you tick the box to say that you are a parent.
