NFTs are gaining more popularity and values day by day.
This is an NFT that was recently sold at $6 million. So now the question
- What is an NFT? And why these are so valuable? What is Non-Fungible?
In simple words, NFT stands for Non-Fungible Tokens. Again, Non-Fungible is “can not be exchanged”. To understand this let’s take an example- In simple words, If we want we can replace 6kg of the gold bar with the same 6kg of gold bar, we can replace $10 Million with two $5Million of equal value. But when it comes to NFTs we simply can’t replace them. Because these are created with unique Tokens. So these are one of a kind. Many Millionaires are quoting their sides on NFTs.
“Remember those days where people would Such line up for the newest Nike Air Jordan sneakers at the physical store?” This is the new digital equivalent,” said Katie Haun
People are more aggressive in buying NFTs when it comes to cryptocurrency.
- Many people are also wondering “What will they get after buying an NFT ?”
Just watch this video and you will get the points within a Minute.
Okay, So what do you get in return is a unique artwork which is basically a code of blockchain. So have you ever wondered a million dollar question “if two unique digital pieces of NFTs can be mint together or not! ” Let me know in the comments. On the internet, there are a lot of digital pictures of NFTs available. Well, if people like me want their Lockscreen to be an NFT then this happens. Just take a simple screenshot and own it. Honestly, I like taking screenshots.
My second favorite NFT so far is the degenerate ape built on the SOL blockchain. It was an NFT that was sold for millions of $. But still, the second one is my favorite and original degenerate ape.
Let us know in the Comments which NFT do you like and why!?