NFT (Non-Fungible Tokens) | Taking the Crypto Space by Storm

NFTs (non-fungible tokens) are emerging as one of the most lucrative investment options backed with blockchain. Discover more about the phenomenon.

NFTs (non-fungible tokens) are taking the cryptocurrency world by storm. They facilitate content creators/owners to monetize scarce images, sports collectibles, contracts, tweets, videos, and whatnot for millions of dollars. Recently, for instance, digital artist Beeple auctioned an artwork for approximately $70 million. In another example, Jack Dorsey, the CEO of Twitter, put his first-ever tweet for auction as an NFT token. The top bidder bought it for nearly $2.5 million. So, what are non-fungible tokens and why are people investing millions of dollars in this emerging crypto phenomenon? Let’s find out.

What are Non-Fungible Tokens (NFTs)?

What can become an NFT token/collectible

  • An artwork
  • A limited-edition of sneakers
  • A rare in-game item
  • A piece of content
  • A sports collectible
  • An event ticket

The Importance of Scarcity in NFTs

Investing in NFTs

How to Enter the NFT marketplace?

The Process

The Future of NFT

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