07/14/2021

How NFTs Could Make Sense for Your Association

Understanding exactly what an NFT is

Nonfungible tokens—better known as NFTs—have been hard to avoid this year.

A blockchain-based form of asset certification that verifies a digital object such as a photo or video to be original, NFTs have made a big splash in the digital world in 2021, emerging at a time when collectibles of all kinds are drawing attention—and a lot of money.

You’ve probably heard the stories about the creators of popular memes making thousands or millions of dollars by selling their content as digital collectibles. What you may not know is that some associations have found success with NFTs, too: The National Independent Venue Association (NIVA) raised more than $200,000 for member venues during the pandemic, when many of them were closed.

Please select this link to read the complete article from Associations Now.