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4 Things to Know About NFTs (Non-Fungible Tokens)
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6 steps to how blockchain works:
An NFT, or non-fungible token, is a digital asset -- a unit of data -- stored via blockchain. The term “non-fungible” means unique, which is what makes NFTs valuable and sell for high prices. While cryptocurrencies like Bitcoin or Ethereum represent monetary value, NFTs are most used to represent one-of-a-kind digital works of art, including photos, videos, memes, tweets, and albums. The first NFT was created in 2014, however it wasn't until 2021 they started to become popular.
What do you think? Are NFTs worth it? Will digital art collection last long? Share your thoughts in
the comments below, and be sure to hit that like button, too.
#NFT #Cryptocurrency #Blockchain
An NFT, or non-fungible token, is a digital asset -- a unit of data -- stored via blockchain. The term “non-fungible” means unique, which is what makes NFTs valuable and sell for high prices. While cryptocurrencies like Bitcoin or Ethereum represent monetary value, NFTs are most used to represent one-of-a-kind digital works of art, including photos, videos, memes, tweets, and albums. The first NFT was created in 2014, however it wasn't until 2021 they started to become popular.
What do you think? Are NFTs worth it? Will digital art collection last long? Share your thoughts in
the comments below, and be sure to hit that like button, too.
#NFT #Cryptocurrency #Blockchain
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