The Basics of NFTs: Why They are the Talk of the Town

First it’s Bitcoin making headlines. Then, some kind of meme coin that started as a joke – Dogecoin. Even weirder, Tweets from Elon Musk send Shiba Inu Coin going wild. What’s next in the world of crypto, you might ask? Welcome to the sky’s the limit world of Non-Fungible Tokens, or NFTs for short. Let’s learn the basics of NFTs below.

There’s no such thing as stupid questions – knowledge is power. If you want to play in the space, it’s time to consume the resources and set aside some time to navigate these digital collectable waters. Enough with the analogies? One of the most popular auction sites for the buying and selling of NFTs is called OpenSea.

NFTs are on a dream run right now – having been brought more into the mainstream by respected auction houses such as Christie’s. In auction noted NFT artist Beeple sold an NFT for $69 million and most recently, some of Gary Vaynerchuk’s NFT art sold for $1.2 million.

Learn more about the basics of NFTs and see how and why the rise of NFTs is happening now. You can engage from a creator, business investor, as well as tech angle in the following visual deep dive below:

The Basics Of NFTs: Digital Art & Collectibles on the Blockchain
Source: Expensivity