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NFTs are easier to understand than most people think. This guide is designed to demystify NFTs and give you a basic understanding of what they are, what they do, and, most importantly, why they are important.

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CoinDesk is a comprehensive platform of news, events, data and research for the next generation of investing and the future of cryptocurrency. coinDesk indices are a market bellwether. They are the industry standard for institutional-level cryptocurrency pricing, with billions of dollars in monthly trading volume. The flagship CoinDesk Bitcoin Price Index (XBX) is the spot reference rate for BTC, used to measure the world's first publicly traded Bitcoin fund and the world's first Bitcoin ETF.

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