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New explainers every weekday at 08:00 (sample)

NFT

Tokens, ownership, licences and royalties, read from the small print up.

Stories from the desk

A silhouette walking through a dim gallery lined with illuminated screens

What you actually own when you own an NFT

Explainer, 8 min read (sample)

Usually a token that points to a file, not the file or its copyright. We read three typical licences so you know the difference.

A digital artist drawing with a stylus on a graphics tablet in front of a monitor

Royalties on resale: who gets paid, and when they do not

Explainer, 6 min read (sample)

Artists were promised a share of every resale. How royalties are written into a token, and why some marketplaces skip them.

Close-up of a laptop keyboard with blue backlit keys

Copied collections: four checks before you trust a listing

Brief, 4 min read (sample)

Look-alike collections copy names and pictures. Four things to check on any listing page, none of which need special tools.

Desk editor

Lea Brandt

NFT desk (sample)

Covers digital art and licensing; reads the small print so you do not have to.

Words to know

Mining

Using computing power to compete for the right to add the next block (proof of work).

Staking

Locking up coins to take part in checking blocks (proof of stake).

Mint

To create a new token, for example an NFT, by calling a smart contract.

Fork

A change to a chain’s rules; a hard fork can split one network into two.

Our rule

We explain how crypto works and what the arguments are. We never tell you what to buy, sell or expect, and nobody pays us for coverage. Nothing on this site is financial advice.

The weekly explainer: one topic, explained in plain words, every Sunday morning (sample).

Demo photos from Pexels by Rafael Minguet Delgado, Qing Luo, Bastian Riccardi, Brett Sayles, panumas nikhomkhai, SHVETS production, Kyle Miller, Han Zibar, Enzo Muñoz, cottonbro studio, Castorly Stock, Magda Ehlers, Tima Miroshnichenko, Jakub Zerdzicki. The theme download contains placeholder pictures, not these photos.