Will NFTs transform the art world? Are they even art?

If you’ve been reading the headlines about art and NFTs, you probably have questions. Starting with, what the heck is an NFT?

I’m here to help.

And by here, I mean in Miami, where Art Basel Miami Beach recently concluded its latest run.

I came to the splashy, three-day art fair looking for great art, of course. But also clarity. I’ve been as perplexed as anyone about non-fungible tokens, or NFTs, which seem to be everywhere these days. My inbox pings on the hour with new NFT announcements. Price records tumble seemingly every week. What’s going on?