What Are NFTs and How Do They Work?
NFTs are non-fungible tokens that are digital assets that represent tangible and intangible items.
These can range from collectible cards, drawings, music, digital real estate, tweets, and much more.
At a very high level, most NFTs are part of the Ethereum blockchain.
NFTs are essentially designed to give you something that can’t be copied
In this video I explain:
– What are NFTs
– Characteristics of NFTs
– What are NFTs used for
– How NFTs work
– Examples of NFT Art
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⏰ Timestamps ⏰:
0:00 – Introduction
0:30 – What are NFTs and How Do They Work?
2:07 – Key Characteristics of NFTs
3:13 – Why Are NFTs Important?
4:50 – Why do NFTs have value?
5:55 – Digital Economy
7:25 – My Opinion On NFTs
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