What's an NFT?

Well let me explain...

An NFT is a new digital primitives, similar in flexibility and generality to past digital primitives like the website.

NFTs are a simple set of blockchain standards that enable genuine ownership in a way that is interoperable, re-mixable, and secure. For the first time, users can now genuinely own digital objects. 

NFT stands for non-fungible token, which basically means that it's a one-of-a-kind digital asset that belongs to you and you only. The most popular NFT's right now include artwork and music, but can also include videos and even tweets.

A NFT is a unique digital token, with most using the Ethereum Blockchain to digitally record transactions. It's not a cryptocurrency like Bitcoin or Ether, because those are fungible/exchangeable for another bitcoin or cash.

Once you received your digital asset on your secured digital wallet you may hold it, trade it, or re-sale it back to the NFT market for a profit to the next highest bidder, similar to Ebay. 

With the blockchain technology it makes it easy to exchange the digital asset safely, anonymously, and with a secured payment instantly. That transaction will be permanently recoreded onto the blockchain/nft art forever, until the next transaction to the next user.

Congratulations, you made it through that painful process and now you know what a NFT can do. You're welcome and enjoy!!

© Copyright. All rights reserved.