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Brady threw the football early with anticipation as Gronkowski was making his cut across the field. Instead of stopping in the hole between defenders, he kept running. The pass landed with a thud a few feet behind him. Less than two weeks before the regular-season opener at New Orleans on Sept. The Bucs are loaded at tight end, with Gronk, O.

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Tampa Bay Buccaneers tight end Rob Gronkowski features as the first pro athlete to release NFT trading cards, in a combination of images released March 9, Non-fungible tokens NFTsa type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album.

The trend is perplexing those who might wonder why so much money is being spent on items that only exist in digital form and can be viewed by anyone for free. Here are some facts about NFTs:. An NFT is a digital asset that exists on a blockchain.

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The blockchain serves as a public ledger, allowing anyone to verify the asset's authenticity and ownership. So unlike most digital items which can be endlessly reproduced, each NFT has a unique digital ature, meaning it is one of a kind. NFTs are usually bought with the cryptocurrency Ether or in dollars and the blockchain keeps a record of transactions. While anyone can view the NFTs, the buyer has the status of being the official owner - a kind of digital bragging rights.

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All kinds of digital objects - images, videos, music, text and even tweets - can be turned into an NFT. Digital art has seen some high-profile sales, while in sports, fans can collect and trade NFTs relating to a particular player or team. For instance, on the National Basketball Association's Top Shot platform, enthusiasts can buy collectible NFTs in the form of video highlights of moments from games.

While these highlights can be seen for free on other platforms such as YouTube, people are buying the status as the owner of a particular NFT, which is unique due to the digital ature.

NFTs can also be patches of land in virtual world environments, or exclusive use of a cryptocurrency wallet name. Traded since aroundNFTs have surged in Interactive chart. Some attribute it to lockdowns forcing people to spend more time at home on the internet.

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But NFTs are also a way to have possessions that can be viewed by owners' online friends. For others, the lure lies in rapidly rising prices and the prospect of big returns. Recent years have also created a lot of crypto millionaires with Ethereum to spend.

Enthusiasts see NFTs as the future of ownership. All kinds of property - from event tickets to houses - will eventually have their ownership status tokenised in this way, they believe. For artists, NFTs could solve the problem of how they can monetise digital artworks. They can receive more income from NFTs, as they can get a royalty each time the NFT changes hands after the initial sale.

NFTs could also transform music. Kings of Leon's NFT allows buyers access to limited-edition vinyl or seats at future concerts. Given that anybody can create NFTs, the scarcity of each piece does not guarantee value.

Losses can stack up if the hype dies down. In a market where many participants use pseudonyms, fraud is also a risk.

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