WTF IS AN NFT!!!

INTRODUCTION

An NFT, short for a non-fungible token, is the most recent cryptocurrency phenomenon to sweep the globe. Celebrities, musicians, and creatives making NFT art are just some of the individuals embracing the digital token trend, especially because it’s a way for them to have complete ownership over their easily replicable online content.

The beauty of NFTs, however, is that anyone can transform their digital assets into them. Whether it’s a song, video clip, drawing, or digital piece of art (NFTs can really be anything digital), this merger of blockchain and creativity is an exciting prospect. So exciting, in fact, that around $400 million worth of non-fungible tokens have been traded on NFT marketplaces in the last three years alone.

Is all of this a mystery to you? Not to worry! We’ve written this in-depth guide to tell you everything you need to know about non-fungible tokens, including how and where you can buy NFTs.

What is an NFT?

An NFT is a digital asset that represents intangible (online-only), or tangible (real-world) objects such as art, music, in-game items, GIFs, designer sneakers, signatures, videos, and more.

NFTs which stand for non-fungible tokens are exclusively bought and sold online, and they are built with the same underlying software as most cryptocurrencies like Ethereum. The big difference is that cryptocurrencies, like physical money, can be traded or exchanged for one another (thus, fungible), while an NFT cannot be equally traded for another NFT, therefore making it "non-fungible".

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AND IN MY NEXT BLOGSPOTS I WILL EXPLAIN

- How does an NFT work?

- What are NFTs used for?

- How to buy NFTs

- NFT FAQs