What is a NFT and how it works?

Have you heard about this picture of a monkey sold as an NFT for more than 2 million dollars? Crazy. Everybody gets that NFTs (Non Fungible Tokens) are secure and work based on blockchain. Most don't get what exactly that means. Because no, having an NFT is not proof that you legally own something. Or that your token is the only "content" in existence. It works in a slightly different way!

#quadmeup #nft #crypto

0:00 Intro to the NFTs
0:53 How everybody thinks NFTs work
1:47 How NFTs really work
2:48 Blockchain protects the token, not the content of the token

[paulr]

Sounds like Quantum technology like QFS, quantum financial system.
Anti-corruption