NFTs Explained In 1 Minute - The Latest Trend In Crypto! 2022

Alert, it’s high time we get clarity on NFTs🚨

The concept is still in its early stages if you are thinking it’s a gone train, read the caption till the end…

The education around NFTs is getting a lot more complicated as too much of discrete information is getting rolled around the internet…

so that’s the reason I am doing what I am doing… simplifying crypto!

NFTs or non-fungible tokens are cryptographic assets representing the ownership of digitally scarce goods such as art, collectables, music or even real estate.

A Fungible token is a US dollar — every US dollar is identical to every other US dollar, and can be used interchangeably since they represent the same amount of value.

Something that’s non-fungible, is a piece of artwork, like the Mona Lisa, or your dog. There are many paintings in the world, but there is only one Mona Lisa, and you can’t just replace the Mona Lisa with some other random painting and call it the same thing.

Blockchain technology certifies an NFT’s originality and ownership. This is why NFTs are valuable.🖼

Owning or creating an NFT is just the beginning. You can do so much more by understanding the value of their utility.

The potential in the utility of an NFT when understood the right way is a groundbreaking aspect.

I’ll be decoding and giving you a clarified explanation in the upcoming videos…

If you are a beginner, follow me for clarity…🙏