Ultimate Guide To NFTs: How To Buy, Sell Or Create NFTs

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Cryptocurrencies have been in existence for over a decade, but it is such a rapidly evolving space.

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Why are people paying millions for some NFTs, and how to buy, sell or create an NFT? Let us answer all these questions and more.

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What Are NFTs?

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The main difference between NFT and cryptocurrency is that NFTs are nonfungible while currencies are fungible.

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Examples of Nonfungible Tokens (NFTs)

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Singer-songwriter Grimes WarNymph sold a collection of ten NFTs for $5.8 million, including a unique video titled “Death of the Old,” that sold for $389,000.

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Jack Dorsey, the CEO of Twitter, turned his first tweet on Twitter from the day it launched in 2006 into an NFT. This one nonfungible token sold for almost $3 million, which he donated to charity.

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Ultimate Guide To NFTs: How To Buy, Sell Or Create NFTs

Cryptocurrencies have been in existence for over a decade, but it is such a rapidly evolving space.

Why are people paying millions for some NFTs, and how to buy, sell or create an NFT? Let us answer all these questions and more.

What Are NFTs?

A nonfungible token (NFT) is a unique data unit stored on a blockchain and cannot be interchanged.

The main difference between NFT and cryptocurrency is that NFTs are nonfungible while currencies are fungible.

Examples of Nonfungible Tokens (NFTs)

Singer-songwriter Grimes WarNymph sold a collection of ten NFTs for $5.8 million, including a unique video titled “Death of the Old,” that sold for $389,000.

Jack Dorsey, the CEO of Twitter, turned his first tweet on Twitter from the day it launched in 2006 into an NFT. This one nonfungible token sold for almost $3 million, which he donated to charity.

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