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Cryptobase · Dec 17, 2021

What is a non-fungible token (NFT)?

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Max Petrusenko · Cryptobase

Non-Fungible Tokens (NFT) is a digital asset that represents real-world objects like art, music, in-game items. NFTs are written to the blockchain network to certify the uniqueness of digital goods. They can be bought and sold online:

TL;DR:

  • For most people, it is an investment because of the limited value making it a scarcity.

  • For some people, it is a way to support their artists.

  • Receive royalties. This is the percentage you will earn from NFTs you create every time it is subsequently sold and changes hands.

  • For some people, it is bragging rights or access to exclusive places.

  • Some people use it for trolling/fun/memes.

You can learn how this will actually make you money! Learn about NFT by reading the full article Non-Fungible Token(NFT) explained in plain English

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