What Are NFTS — and Should You Buy Them?


52
92 shares, 52 points


You may think an NFT is a .jpg image or digital art. (Or you may think NFTs aren’t really anything, depending on what you’ve heard.) But NFTs offer more substance than just a profile picture and can provide major benefits for creators, brands, and consumers. We’re demystifying NFTs and breaking down how you can benefit from the space—and showing you how to get started if you’d like to learn more and join the NFT community.

What’s an NFT?

NFT stands for non-fungible token. An NFT is not a cryptocurrency, but, like cryptocurrencies, uses blockchain technology to assign ownership to digital (and physical) assets. Think of NFTs and cryptocurrencies as trains that run on a track (the blockchain). The blockchain provides the security and infrastructure that keeps the trains—NFTs and cryptocurrency—safe, without needing to be governed by a central figure or bank. 



Source link


Like it? Share with your friends!

52
92 shares, 52 points

What's Your Reaction?

hate hate
30
hate
confused confused
16
confused
fail fail
6
fail
fun fun
3
fun
geeky geeky
33
geeky
love love
23
love
lol lol
26
lol
omg omg
16
omg
win win
6
win
Daily List

0 Comments

Choose A Format
List
The Classic Internet Listicles
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Story
Formatted Text with Embeds and Visuals
Poll
Voting to make decisions or determine opinions