What is an NFT?
Understanding NFTs
It is fair to say that 2021 was the year of NFT, Ethereum’s enfant terrible. Non-fungible tokens invaded the world of digital currencies to become the most talked-about assets to date. Before we all knew it, NFTs became the center of attention thanks to a number of astounding news related to how non-fungible tokens can make money. Real big money.
From Twitter ex-CEO Jack Dorcey’s $3 mln worth tweet to plain selfies that made Al Ghozali, an Indonesian student, a millionaire – so-called NFT art is now regarded as a new means of huge profits in the world of crypto. But what creates such potential? How did non-fungible tokens get so big? How do NFTs work? And, finally, does NFT have a tomorrow?
Look for the answers to these questions and more in the paragraphs below.