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Non-Fungible Tokens (NFTs): About

NFTs

From our Library Collection

Link to NFTs by Tiana Laurence in the catalog
Link to Comphrensive Guide: NFTs, Digital Artwork. Blockchain Technology by Marc Beckman  in the catalog
Link to NFT Handbook by Matt Fortnow in Hoopla
Link to NFT Non-Fungible by Ian Batantu in Hoopla
NFT Art and Collectibls for Beginners by Chris Collins in Hoopla
Link to Blockchain by Tiana Laurence in the catalog

Non-Fungible Tokens (NFTs) Explained

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.  Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.

NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes.  NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends.  

Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin. Crypto’s fungibility makes it a trusted means of conducting transactions on the blockchain.  NFTs are different. Each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible). Continue reading from Forbes

Watch

Listen to Podcasts

Link to The NIFTY Show podcast on Apple Podcasts.
Link to Proof Podcast at the website
Link to Edge of NFT Podcasts at the website
Link to The Mint Condition Podcast on Apple Podcasts
Link to Bankless Podcasts at the website

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