Ever since Cryptopunks started the NFT trend, the Internet went a little crazy for it. And before we even know it, NFTs have become not only a way to spend your free time— but to actually earn money! Just like Beeple, who sold his NFT called “Everydays: The First 5000 Days” for $69.3 million, making it the most expensive NFT ever sold! With this growing popularity, we’re here to give a detailed explanation of this new medium of media and economy that we know you’re all curious about. Let’s dive straight into it!
1:45 What is an NFT?
1:59 What is Non Fungible?
2:25 The T in NFT
2:56 The process of minting
3:14 What is fungibility?
4:01 Recap
4:29 How NFTs are used and why is the business is booming?
7:41 The future of NFTs
8:23 Conclusion
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❓ Disclaimer ❓
RugDoc is a DeFi community-centric team with a mission to create a safer environment in cryptocurrency and Decentralized Finance. The information contained herein is for informational purposes only. We are NOT financial advisors and this is NOT financial advice, so please do your own research before investing in any project.
