Introduction About NFTs
What is NFT
NFT stands for non-fungible token.
In economics, a fungible assert is something with units that can be readily interchanged, like money.
NFTs are ‘one-of-a-kind’ asserts in the digital world that can be bought and sold like any other piece of property, but they have to tangible form of their own. The digital tokens can be thought of as certificates of ownership for virtual or physical asserts.
With NFTs, Artwork can be ‘tokenized’ to create a digital certificate of ownership that can be bought and sold.
Platforms
The Platforms of NFT transactions are like SuperRare, Nifty Gateway, Foundation, MakersPlace, OpenSea, Rarible etc.
As with crypto-currency, a record of who owns what is stored on a shared ledger known as the blockchain.
NFTs can also contain smart contrasts that may give the artist, for example, a cut of any future sale of the token.
Trending — DeFi (decentralized finance)
Just kidding that:
- Nowadays, technology makes money-laundrying much easier.
- Cannot believe you morons actually buy this shit.
Artworks are like:
- The Weeknd ‘s new NFT song — The Source
- Flowers with Smiley Faces by Takashi Murakami
- McDo NFT
- Gucci NFT shoes
