The ripples of this NFT transformation– and after digging into it this week, I can inform you it is a revolution– might not be felt instantly but they will be soon.Before we get into that though, lets back up and respond to the concern many of you have: What the heck is an NFT anyway?Simply put, a non fungible token is anything in a digital form; state an image, a tune or a video, with a special signature that is accounted for by Blockchain innovation typically by the cryptocurrency Ethereum. Indicating weve already reached the point where NFT art has actually ended up being a parody of NFT art. Someplace Marcel Duchamp is smiling.And there are a million (literally) more: an NFT house, an NFT self-portrait by Sophia the robotic, an NFT Kings of Leon album, a LeBron James NFT dunk, through the NBAs Top Shot, naturally Playboy NFTs, a Lindsay Lohan NFT auction (with guess who, NFT Zelig, Justin Sun) and on and on.

Im making this point about Buffett not to suggest for a minute that hes plunged into the blossoming netherworld of NFTs, or non fungible tokens, (explainer in next paragraph), however to demonstrate that NFTs are getting closer to Buffett and to all of us. Of course there can be copies of this NFT, simply like there are copies of a painting, but there is only one original and the NFT, the token, is its statement of authenticity or provenance. My colleague Sam Ro states that NFTs are simpler to understand than crypto, and I would also include, NFTs make crypto itself easier to understand, as in, “Hey you need to have crypto to purchase this things. Meaning weve currently reached the point where NFT art has become a parody of NFT art. Someplace Marcel Duchamp is smiling.And there are a million (literally) more: an NFT home, an NFT self-portrait by Sophia the robotic, an NFT Kings of Leon album, a LeBron James NFT dunk, through the NBAs Top Shot, naturally Playboy NFTs, a Lindsay Lohan NFT auction (with guess who, NFT Zelig, Justin Sun) and on and on.

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