I often disagree, a habit that came into play when discussing non-fungible tokens (NFTs). I find NFTs interesting and expensive enough to want to understand their nature, but not compelling enough to actually consider spending the money. Famously, the NBA got into NFT early on, selling digital highlight reels using NFT in NBA Top Shot Packs.

Since then, NFTs have become a popular online commodity, allowing various artists to sell images and other content with digital certificates of ownership. However, the art attached to NFTs is not as exclusive as NFTs.

Heck, even 12-year-olds have become millionaires by adopting NFT actions.

How big is the NFT market? And how fast is it growing? The 2020 report from market analysis firm NonFungible.com claims that "the market will triple in 2020, with total transactions up 299% year over year to over $250 million."

And according to CNBC, total NFT sales for the first quarter of 2021 were a whopping $2 million. In other words, we are not talking small potatoes here. It's more like giant potatoes. But as much as there has been recent talk that the NFT "bubble" has already "burst," there is reason to believe that a slump is now underway.

So NFT is definitely something to watch out for. With this in mind, I, along with TechRadar's Matt Phillips, Hamish Hector, and Laptop Mag's Sean Riley, will be presenting the web series "Seriously?"

Click here for the trailer:

Want to see the full episodes? Sean and Hamish revealed why they were interested in NFT, and I politely disagreed with them; full episodes of "Seriously?" can be found here.

Confused, let's think about NFT. Fans all over the world can order a signed print of mega-group BTS, it's an image and can be copied or downloaded. But BTS may choose to distribute a certain number of certificates of authenticity declaring your ownership and the authenticity of the copy; the NFT is the equivalent of a digital version and is essentially proof of purchase, just like the artwork itself.

A real-world example is the purchase of a video by graphic designer Beeple (Mike Winkelman) for $6.6 million and its sale on the Nifty Gateway. But any of us can visit that page, right-click on that video, and save it to our computers, phones, and tablets; the NFT itself is proof of purchase, and thus ownership.

Some people are willing to pay a lot of money for that concept of ownership. But I hope those people fully understand what they are getting. If you ask me, the concept of ownership is (as the Cranberries said) "In your head! In your head!" It is. Maybe someday someone will believe that NFT is worth enough to buy, but maybe not. The recent softness in the NFT market suggests that someone is taking their foot off the accelerator.

Of course, these kinds of technological trends come and go and may even catch on. Especially if more and larger companies enter the market. Mattel has entered this market with its Hot Wheels digital collector's item, and even CNN has marketed its most historic moments as NFTs.

In short, I don't find much personal interest in NFT, but it is clear that many others do. In other words, now is the perfect time to learn what NFT is and understand what you can gain by purchasing NFT.