Non-Fungible Tokens (NFTs) have taken the digital world by storm, revolutionizing how we buy, sell, and own digital assets. From digital art to virtual real estate, NFTs offer a unique way to own and trade digital items. This beginner's guide will help you understand what NFTs are, how they work, and how you can get started in this exciting new space.
Non-fungible tokens (NFTs) are unique digital assets that are verified using blockchain technology. Unlike cryptocurrencies such as bitcoin or ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique and cannot be exchanged for another NFT of the same value. Each NFT has a unique identifier and metadata that distinguishes it from all other tokens.
The meteoric rise of Non-Fungible Tokens (NFTs) in 2021 has captured the attention of the digital world, merging the realms of art, technology and finance. But as the initial excitement fades, a pertinent question arises: are NFTs still relevant?
