NFTs in Plain English: Explaining the Concept of Non-Fungible Tokens.
(Source: terravirtua.io)I first heard about NFTs in 2017 when I learnt about Bitcoin and researched the blockchain space. I came across the CryptoKittens video game; it was the first NFT developed on the Ethereum blockchain network, the game allowed players to buy, collect and breed unique virtual cats. I tried to play the game, and as you can imagine, this only worsened my confusion. I didn’t understand why I had to pay real money in the form of some Ethereum tokens to buy a kitten and “bree...
NFTs in Plain English: Explaining the Concept of Non-Fungible Tokens.
(Source: terravirtua.io)I first heard about NFTs in 2017 when I learnt about Bitcoin and researched the blockchain space. I came across the CryptoKittens video game; it was the first NFT developed on the Ethereum blockchain network, the game allowed players to buy, collect and breed unique virtual cats. I tried to play the game, and as you can imagine, this only worsened my confusion. I didn’t understand why I had to pay real money in the form of some Ethereum tokens to buy a kitten and “bree...
