Congratulations to the laureates! Well deserved.
The article gives a good simplified explanation, here is my shorter explanation: porous materials, like sponges, have a lot of surface area, which is useful for two main reasons: 1) speeding up reaction rates and 2) capturing and releasing molecules (water, CO2, pollutants, etc.) More surface area is more valuable. Before, the most surface area we had was with zeolites, which are aluminosilicate minerals which occur naturally and are also synthetically produced - the synthetics mostly produced by trial and error. MOFs are unique in a few ways; for one, they are rationally designed molecules where we can predict some properties, and two, the surface area is far higher than zeolites. Zeolites range from 10-1700 m2/gram based on how you measure (most are from 20-400) and MOFs range from 1000-7000+.
Unfortunately MOFs are still quite expensive and very much on the cutting edge, so I am forced to use zeolites anytime I want a lot of surface area, but they are getting more accessible (you can now buy them on Amazon!) and I imagine the price will come down for some of the simpler to make MOFs in the near future.
Thank you. This is the sort of contextual overview that should really float to the top of discussions like this.