Nonfungible tokens, or NFTs, are an evolution in the cryptocurrency space and a step forward in the reinvention of modern finance and other industries.
NFTs are just weird.
NFTs are digital tokens in the blockchain network. Blockchain is the underlying technology in which cryptocurrencies work. The tokenization of anything ranging from a JPG file to music to a tweet can be turned into NFT. It is any digital collectible that can be conceived to hold value. The name ‘non-fungible’ comes from a unique token and cannot be exchanged for something precisely alike.
When collectors buy an NFT, they purchase something unique and scarce — the ultimate criterion for every true collector — even if an image or piece of music has been shared online hundreds of times.
When things have value and demand, they can be traded, invested, or more. In this class, we will review this space and how to flip, invest, or get involved with NFTs and understand just what they are.
Please comment and subsribe @InvestorsTradingAcademy
Ещё видео!