When I read news about the famous Nyan Cat that sold as a one-of-a-kind piece of crypto art, it makes me to thinking, ” So what’s going on here & what is NFT?”
+ First, let’s see what is Cryptocurrency ?
A cryptocurrency is a new form of digital money. You can transfer your traditional, non-crypto currency money like the U.S. dollar digitally, but that’s not quite the same as how cryptocurrencies work. When cryptocurrencies become mainstream, you may be able to use them to pay for stuff electronically, just like you do with traditional currencies.
+ Now, start with the introduction to NFT
BITCOINS have helped create a new world of digital currencies and now all attention to something new is arising, non-fungible tokens or NFTs.
Wikipedia says about NFT:
A non-fungible token (NFT) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable.NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work (wikipedia)
+ it does sound absurd a little!
yes! I know! it’s not made for everyone. but let be honest, it’s simply a new way of collecting digital art in a world that is becoming more digital every day. But all I can say is that I have accepted that this new space is here, and that has helped me see the value and creative opportunity that is available in the NFT space.