What are NFTs and How do they Work?

What Are NFTs and How Do They Work?

NFTs are non-fungible tokens that are digital assets that represent tangible and intangible items.

These can range from collectible cards, drawings, music, digital real estate, tweets, and much more.

At a very high level, most NFTs are part of the Ethereum blockchain.

NFTs are essentially designed to give you something that can’t be copied

In this video I explain:

– What are NFTs
– Characteristics of NFTs
– What are NFTs used for
– How NFTs work
– Examples of NFT Art

⏰ Timestamps ⏰:
0:00​​ – Introduction
0:30​ – What are NFTs and How Do They Work?
2:07​​ – Key Characteristics of NFTs
3:13​​ – Why Are NFTs Important?
4:50​​ – Why do NFTs have value?
5:55​​ – Digital Economy
7:25​​ – My Opinion On NFTs

 

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⚠️ DISCLAIMER ⚠️: The information in this video is an opinion and is for informational purposes only. It is not intended to be investment advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. I am not guaranteeing you gains on your investment and the content I produce is my own personal approach, opinion and strategy in this highly speculative market. Past results don’t guarantee future results.
Some of these links are affiliate links where I’ll earn a small commission if you make a purchase at no additional cost to you. I will never promote anything I don’t truly believe in.

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