Major League Baseball will expand nonfungible token sales as the year rolls on.

While MLB offers a series of trading-card-style NFTs from Topps, the deal with Candy is expected to include a far broader suite of products.

The first release, on July 4, will be of Lou Gehrig’s “Luckiest Man” speech delivered that day 82 years earlier and will be minted just once. Other digital assets, from artistic renderings to tokens for in-person experiences, are expected to roll out on the Ethereum blockchain in the fall and be sold or auctioned on Candy’s platform.

ESPN.com

I understand technology, but I admit I don’t really understand this concept. This article explains it, asking all the questions I would ask, including, “Why would anyone spend tons of money on something that exists just in bits?” I do understand the use of blockchain for creating trust in anonymous transactions, but usually you are getting some physical value from the transaction. We’ll see how this goes.