# Non Fungible Token

A type of [smart contracts](smart-contracts.md) that associates a tradable [cryptoasset](cryptoasset.md) with a unique piece of data, often a url to hosted image representing some abstract or perceived notion of ownership in [art](art.md) or [sign-value](sign-value.md).

NFTs have no [fundamental-value](fundamental-value.md).

NFTs are a [speculative asset](speculation.md).

NFTs have no [use-value](use-value.md).

## Tinkerbell Effect

* [@bodo_rise_2022]
* [@diehl_tinkerbell_2021]
* [@olson_line_2022]