A guide to NFTs: What are they, and why did someone spend $69 million for one?

Auction (N)

a public sale at which things are sold to the people who offer to pay the most. EX) She bought the desk at an auction.

Scatter(N)

a small number or group of things placed or found apart from each other — usually + of. EX) Thousands of privately-owned computers scattered around the country are powering the transactions.

Digital (Adj)

of or relating to information that is stored in the form of the numbers 0 and 1. EX)You can transfer digital images/pictures from your camera to your computer.

ledger(N)

a book that a company uses to record information about the money it has paid and received. EX) A blockchain is like a digital database that operates in the way a ledger does.

transaction(N)

a business deal : an occurrence in which goods, services, or money are passed from one person, account, etc., to another. EX) business/commercial transactions

chronological(Adj)

arranged in the order that things happened or came to be.EX) His art is displayed in roughly chronological order.

property(N)

something that is owned by a person, business, etc. EX) Those books are my property. [=I own those books]

ASSET(N)

something that is owned by a person, company, etc. — usually plural. EX) he company had to sell some of its assets to avoid bankruptcy.

verify(V)

to prove, show, find out, or state that (something) is true or correct. EX) We could not verify [=confirm] the rumor.