Nonfungible tokens: How to get started using NFTs
NFTs stand for nonfungible tokens, which have rapidly become ubiquitous in the world of crypto. NFTs are non-replicable digital assets. But why is this feature of non-replicability prompting so many people who are serious about blockchain technology and cryptocurrencies to buy NFTs? Is an NFT just “an expensive JPEG,” like many of its more skeptical observers have labeled it? If so, why would people be willing to pay hundreds of thousands of dollars for a digital item, like the pixelated imag...
Nonfungible tokens: How to get started using NFTs
NFTs stand for nonfungible tokens, which have rapidly become ubiquitous in the world of crypto. NFTs are non-replicable digital assets. But why is this feature of non-replicability prompting so many people who are serious about blockchain technology and cryptocurrencies to buy NFTs? Is an NFT just “an expensive JPEG,” like many of its more skeptical observers have labeled it? If so, why would people be willing to pay hundreds of thousands of dollars for a digital item, like the pixelated imag...
