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NFTs are everywhere. Here’s how to buy one from TikTok, NFL, more

NFTs are taking over sports, media, art and more. But what are they? We’ll break it down.

The world of NFTs is changing by the minute but what are they? NFTs, or nonfungible tokens, can be tied to a video highlight, a meme or a tweet. Think of them as tokens tied to an expensive digital asset. It may (or may not) be able to make you a lot of money in the future (more below). NFTs are like cryptocurrency but there are some big differences. We know, it’s complicated.

Here’s what we know. You can bid on an NFT for a pretty penny (most are expensive). But that doesn’t mean that you own the asset. These expensive tokens are so popular that Variety and the NFL are all kickstarting NFTs. And if you remember Neopets, the virtual pet space is creating NFT collectibles, too.

In short, NFTs offer a blockchain-created certificate of authenticity for a digital asset or piece of art. If this doesn’t make much sense to you, it’s OK. We’ll break down what NFTs really are, how much they cost and how you can bid on a digital asset to have an NFT of your own.

What’s an NFT?

This is the part that takes a bit of open-mindedness. An NFT is a unique digital token, with most using the Ethereum blockchain to digitally record transactions. It’s not a cryptocurrency like Bitcoin or Ethereum, because those are fungible — exchangeable for another Bitcoin or cash. NFTs are recorded in a digital ledger in the same way as cryptocurrency, so there’s a listing of who owns each one.

What makes an NFT unique is the digital asset tied to the token. This can be an image, video, tweet or piece of music that’s uploaded to a marketplace, which creates the NFT to be sold.

What kind of NFTs can I buy?

NFTs can be tied to any digital asset. Anything you see online can be an NFT — music, social media posts, clip art and more. Here are some of the latest nifty NFTs we found.

TikTok Moments

The latest big news in NFTs is TikTok’s new video collection called TikTok Moments. The videos will celebrate the impact that artists have on TikTok. Proceeds from the collection will go to NFT artists and creators. The first collection will start with Lil Nas X and be available starting Oct. 6 on the Etherum.

Fortune

And Fortune gave its readers a chance to get in on the NFT craze. The company sold 256 copies of the limited edition cover from the graphic artist Pplpleasr for Fortune’s August/September magazine on OpenSea. The copies sold out within five minutes starting at 1 Etherum (estimated $3,000). But the NFTs were available for resale at three times the cost.

Sorare digital trading cards

But NFTs go beyond artists and music. Recently, Sorare released its «Super Rare» Lionel Messi digital trading card that’s currently bidding at €29,992.75, equivalating to over $35,000. Sorare also announced that it raised $680 million for its next-level sports fantasy game. The funding is currently led by SoftBank.

Tiger Woods’ Autograph collectibles

And in sports, Tiger Woods is currently selling thousands of digital collectibles on Autograph on the DraftKings marketplace. The collection starts at $250. Naomi Osaka, Derek Jeter and Tonk Hawk are also releasing digital collectibles on Autograph, which is co-founded by Tom Brady.

As the hype for NFTs grows, expect more digital assets to come up for sale and bring in some big money.

Where can I buy and sell NFTs?

While you may not want to jump right in bidding six figures, there are multiple NFT marketplaces out there to check out, with Opensea being the biggest. Buyers can search for art, domain names and random collectibles to bid on without having to break the bank. And Woods’ digital collection is one of the many NFT collections available on DraftKings marketplace, including Tony Hawk, Simone Biles and other athletes.

And Christie’s recently auctioned off NFTs of featured Art Blocks art from its Post-War to Present collection, some of today’s most popular NFTs. Christie’s auctioned off Curio Cards on the Ethereum blockchain for over $1.2 million.

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On the other hand, if you want to sell an NFT of your art, you can use NFTify, the Shopify NFT store, to sell NFTs without creating your own store. You’ll also need a MetaMask account to get going. And Burberry recently announced a partnership with Mythical Games to gamify buying, selling and collecting toys as NFTs through the Blankos Block Party game. CNET’s own Chris Parker also made a step-by-step guide on how to make and sell your own NFT, in the video below.

If I have an NFT, do I own the asset?

Nope.

That’s the real kicker to understanding the whole concept. The person who buys the NFT doesn’t own the actual asset.

«NFTs challenge the idea of ownership: digital files can be reproduced infinitely and you do not (usually) buy the copyright or a license when purchasing an NFT,» said Jeffrey Thompson, associate professor at the Stevens Institute of Technology in Hoboken, New Jersey.

For example, the creator of the Nyan Cat meme sold an NFT of it for $590,000. The person who bought the token owns the token, but doesn’t actually own the meme. That still belongs to the creator, who held onto intellectual and creative rights.

What the owner of the token has is a record and a hash code showing ownership of the unique token associated with the particular digital asset. People might download Nyan Cat and use it on social media if they want, but they won’t own the token. This also means they can’t sell the token as the owner can.

Why are NFTs so expensive?

As with physical collectibles such as Beanie Babies, baseball cards and toys, there’s a market for NFTs. The buyers tend to be tech-savvy individuals who understand the idea of wanting to purchase digital goods and likely made a killing this past year with cryptocurrencies. Ethereum, for example, went from just over $100 last March to a current price of about $3,400. In some cases, buyers are just flexing their digital wallets to show off how much crypto they have, but for others, there’s a deeper interest.

«Specifically for art-related NFTs, there is a huge surge in demand due to their novelty and creativity of early artists,» Jason Lau, chief operating officer of crypto exchange OKCoin, said in an email. «Whether it’s a physical work with an attached NFT (think of it as a digital autograph and proof of veracity), or an entirely digital work (where the NFT is the art), this new medium is opening new ways for collectors and artists to explore their relationship with the artwork itself.»

It’s also great for the artists, says Lau. By selling digital art directly to those interested, an artist can begin monetizing work without having to try to sell it in a gallery.

What are the pitfalls of NFTs?

A drawback is the hundreds of dollars in fees required to create an NFT. If you’re making your own token on the Ethereum blockchain, you need to use some Ethereum, which as mentioned earlier is kind of pricey. Then after you make an NFT, there’s a «gas» fee that pays for the work that goes into handling the transaction and that’s also based on the price of Ethereum. Marketplaces simplify the process by handling everything for a fee when an NFT is sold.

There’s also an environmental cost. Like Bitcoin, Ethereum requires computers to handle the computations, known as «mining,» and those computer tasks require a lot of energy. An analysis from Cambridge University found that mining for Bitcoin consumed more energy than the entire country of Argentina. Ethereum is second to Bitcoin in popularity, and its power consumption is on the rise and comparable to the amount of energy used by Libya.

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Bishop Takes Rook: You’ll Be Able to Learn Chess on Duolingo Soon

The course is in beta now but will be available to everyone in a few months.

«Hola, ajedrez» means «Hello, chess» in Spanish. You’ve always been able to learn Spanish on Duolingo. And you’ll be able to learn and practice chess on the language learning app soon. Duolingo announced on April 22 that beta testers can practice the centuries-old board game in Duolingo now, and others will be able to learn the game on the app in a few months. 

Chess will be the first new Duolingo course since the app began offering math and music lessons in 2023. And Duolingo hopes that to bring the classic board game to more people of all experience levels. 

Duolingo chess lessons aim to be friendly to beginners

I spoke with a Duolingo rep about the upcoming lessons. He said the company wants to continue expanding what people can learn through the app, and chess was an early contender.

Chess is «one of those things that … any age group can learn … but then also something that takes the 10,000-hour theory to really master,» Edwin Bodge, a senior product manager with Duolingo, said. «We thought it would fit with the Duolingo medium really well.»

When I asked why people would use Duolingo over other chess learning sites and tools, Bodge said a lot of other chess content is geared toward advanced users, not newcomers. «We really saw a great opportunity to try and cater to more of a beginner, medium (player) and try and increase access to the game,» he said.

The chess lessons are slightly different from others you might find on Duolingo, like Spanish and math, but the progression system is similar. And from what Duolingo showed me, the lessons really do start at square one, or A1 on a chessboard.

Chess lessons feel similar to other Duolingo lessons

When you start, Duolingo asks how much you already know about chess, like in other lessons on the app. Duolingo will then adjust the lessons according to your response. If you say you’re brand-new to chess and have no knowledge of the game, early lessons will focus on how each piece moves before moving on to capturing other pieces and checking the king. Other lessons are similar to mini-puzzles where you might be asked to capture different pieces using a single piece, like your knight or rook, in four moves or fewer.

You can access hints for each lesson, but if you get something wrong, your opponent will react to show you you’ve left a piece open for capture, like in a real match. And if you keep getting something incorrect, Duolingo will show you what to do. «If you get it wrong multiple times, eventually we’ll show you an arrow that shows you exactly where to move,» Sammi Siegel, a software engineer with Duolingo, said.

If you are subscribed to Duolingo Max and make a mistake in a language lesson, the app can explain the mistake — and what the right solution is — with a feature called Explain My Answer. However, that feature won’t be available with the chess lessons for now. It’s not always easy to explain why something is right or wrong in chess because there are so many millions of different moves.

«We want to get better at fuller explanations,» Siegel said. «There is some mix of AI and model training that we’re hoping to use to better explain why a certain move is wrong.» Because there are so many moves in chess, it’s possible to make moves that could be correct but aren’t the best options. In such instances, Duolingo will show a banner that lets you know that a move isn’t wrong but isn’t necessarily the best move. 

Duolingo also said each section represents a range on the Elo rating system, the method by which a chess player’s skills are calculated. As you progress, your lessons will be tougher and more challenging. This is similar to the CEFR language proficiency levels attached to the different language sections in the app.

You’ll also have the opportunity to have «mini-matches» or full-on games against Duolingo’s chess coach, Oscar. These matches will scale in difficulty to challenge you as well, so you aren’t facing a grandmaster-level chess player after your first week of playing the game. But that doesn’t mean you can slack off and play sloppily. If you make a mistake, like leaving your queen open to capture, Oscar will take advantage and leave you scrambling to recover.

While playing against Oscar is good practice, you won’t be able to face off against other players when these chess lessons launch. But Duolingo said matches against other people are something they are looking into, so you might be able to play against a friend over the app in the future. «One of the big reasons why we’re doing this is we think we can get a whole generation of people interested in chess,» Bodge said.

Duolingo’s new chess lessons are now available in the beta version now and will start rolling out on iOS in English in May. Duolingo said it is working to bring these lessons to Android devices and more languages in the coming months.

For more on Duolingo, check out how well the free version prepared me for a trip to Italy and our review of the language learning app. You can also check out our best language learning apps.

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Technologies

Today’s NYT Mini Crossword Answers for Sunday, April 27

Here are the answers for The New York Times Mini Crossword for April 27.

Looking for the most recent Mini Crossword answer? Click here for today’s Mini Crossword hints, as well as our daily answers and hints for The New York Times Wordle, Strands, Connections and Connections: Sports Edition puzzles.

Today’s NYT Mini Crossword isn’t too much of a stumper. A lot of words contain A and E, for some reason. Need some help with today’s Mini Crossword? Read on. And if you could use some hints and guidance for daily solving, check out our Mini Crossword tips.

The Mini Crossword is just one of many games in the Times’ games collection. If you’re looking for today’s Wordle, Connections, Connections: Sports Edition and Strands answers, you can visit CNET’s NYT puzzle hints page.

Read more: Tips and Tricks for Solving The New York Times Mini Crossword

Let’s get at those Mini Crossword clues and answers.

Mini across clues and answers

1A clue: Outdoor spot to people-watch, maybe
Answer: STOOP

6A clue: Big name in health insurance
Answer: AETNA

7A clue: Broadway theater helper
Answer: USHER

8A clue: Easy to understand
Answer: CLEAR

9A clue: When many show up to a job interview
Answer: EARLY

Mini down clues and answers

1D clue: What «salsa» literally means
Answer: SAUCE

2D clue: Electric car maker since 2003
Answer: TESLA

3D clue: «… in one ear and out the ___»
Answer: OTHER

4D clue: Tatum ___, youngest-ever Oscar winner (at age 10, for Best Supporting Actress)
Answer: ONEAL

5D clue: Defensive maneuver in fencing
Answer: PARRY

How to play more Mini Crosswords

The New York Times Games section offers a large number of online games, but only some of them are free for all to play. You can play the current day’s Mini Crossword for free, but you’ll need a subscription to the Times Games section to play older puzzles from the archives.

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Technologies

Today’s NYT Connections: Sports Edition Hints and Answers for April 27, #216

Hints and answers for the NYT Connections: Sports Edition puzzle, No. 216, for April 27.

Looking for the most recent regular Connections answers? Click here for today’s Connections hints, as well as our daily answers and hints for The New York Times Mini Crossword, Wordle and Strands puzzles.

Connections: Sports Edition might be a breeze, as long as you know your sports-league commissioners. Read on for hints and the answers.

Connections: Sports Edition is out of beta now, making its debut on Super Bowl Sunday, Feb. 9. That’s a sign that the game has earned enough loyal players that The Athletic, the subscription-based sports journalism site owned by the Times, will continue to publish it. It doesn’t show up in the NYT Games app but now appears in The Athletic’s own app. Or you can continue to play it free online.  

Read more: NYT Connections: Sports Edition Puzzle Comes Out of Beta

Hints for today’s Connections: Sports Edition groups

Here are four hints for the groupings in today’s Connections: Sports Edition puzzle, ranked from the easiest yellow group to the tough (and sometimes bizarre) purple group.

Yellow group hint: Dunk it.

Green group hint: Get it moving.

Blue group hint: They run the leagues.

Purple group hint:  Like house, kind of.

Answers for today’s Connections: Sports Edition groups

Yellow group: Parts of a basketball hoop.

Green group: Propel a ball.

Blue group: League commissioners.

Purple group: Home ____.

Read more: Wordle Cheat Sheet: Here Are the Most Popular Letters Used in English Words

What are today’s Connections: Sports Edition answers?

The yellow words in today’s Connections

The theme is parts of a basketball hoop. The four answers are base, glass, net and rim.

The green words in today’s Connections

The theme is propel a ball. The four answers are bowl, fling, hurl and roll.

The blue words in today’s Connections

The theme is league commissioners.. The four answers are Bettman, Goodell, Manfred and Silver.

The purple words in today’s Connections

The theme is home ____. The four answers are field, plate, run and team.

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