Beyond knowing the term NFT (that’s non-fungible token, by the way) exists, how much do you actually know about this digital trend that’s sweeping across your news feed? Maybe you heard from a friend of a friend of a friend who’s an accountant that NFTs are related to the blockchain and cryptocurrency, but there’s a little more to understanding them than that. From SNL sketches to convoluted definitions to long-winded internet musings — a lot of people are attempting to unpack NFTs. So, where do you even begin?

That’s where Callie Cox, during her tenure as senior investment strategist at Ally Invest, stepped in to break down the basics of NFTs — what are NFTs and how are they impacting the investing world? Check out the video below for the lowdown.

Now that you know a thing or two about NFTs, how about testing your knowledge?

Take the NFT Knowledge Quiz

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Headshot of Callie CoxAs senior investment strategist for Ally Invest, Callie Cox helps educate Ally Invest customers about the financial markets through engaging content and strategic initiatives. Callie has worked in financial research for her entire career, with stints at LPL Research, TABB Group and Bloomberg. Her work has been featured in Bloomberg, the Financial Times, Yahoo Finance, and Barron’s (among other publications). You can also find her on Twitter at @callieabost.

The opinions expressed here are not meant to be used as investing advice. For more information, visit our website.