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?
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A
nonfungible token
(
NFT
) is a unique data unit stored on a blockchain and cannot be interchanged.
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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Lined Circle
Examples of Nonfungible Tokens (NFTs)
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Grimes WarNymph
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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