The world has officially gone nuts for NFTs ... barely a day seems to go by without word that some new piece of digital art, or a classic car, or an AFL player, has minted a non-fungible-token, and that someone has somehow made a stack of money selling that digital thing.

If you regard these stories with a massive “why?”, don’t stress – you aren’t the only one. But the reason why some NFTs have real-world value can be explained.