For instance, let's talk about real estate. Houses aren't digital. They're physical. But, could a real estate transaction happen in NFT form? Experts say...yes.

Million Acres explains it happened like this: First, an LLC was created for the property. Second, a non-fungible token was set aside. Then, legal paperwork was developed that said whoever bought the non-fungible token, or NFT, had the rights to the LLC. The NFT was then auctioned, giving the winner the rights to the LLC, which ultimately meant the winner owned the property itself.

Think about your life at home. You probably use a bank. That bank is basically the middle man between you and whoever you're sending money to.

A blockchain cuts out the bank. The blocks form a transparent, digital ledger that everybody can see.