4 Things to Know About NFTs (Non-Fungible Tokens)

6 steps to how blockchain works:
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An NFT, or non-fungible token, is a digital asset -- a unit of data -- stored via blockchain. The term “non-fungible” means unique, which is what makes NFTs valuable and sell for high prices. While cryptocurrencies like Bitcoin or Ethereum represent monetary value, NFTs are most used to represent one-of-a-kind digital works of art, including photos, videos, memes, tweets, and albums. The first NFT was created in 2014, however it wasn't until 2021 they started to become popular.
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Видео 4 Things to Know About NFTs (Non-Fungible Tokens) канала Eye on Tech