expomaster2
LAYMAN UNDERSTANDING OF NFTs, ITS VALUE & HOW TO BENEFIT FROM IT
The term NFTs is all over the place, taking the news headlines by storm and becoming the major talk of the crypto space. But you’re still very much confused about the whole NFT craze and feel entirely lost whenever the subject matter is brought up.
Well, this article is prepared for you to grasp what NFT actually entails as well as how to immensely benefit from it by understanding how to chalk out huge sum of money for yourself.
JUST EXACTLY WHAT IS NFT?
NFT is simply “Non-Fungible Token”. Yeah that’s simply what it is. But that makes no relatable sense to you right? So before we move on, try substituting the word “fungible” with “replaceable”. Therefore, NFT is a Non-Replaceable Token; A non-replaceable entity.
Let’s take for instance the worldly highly regarded popular Monalisa painting by Leonardo Da Vinci, there’s just one original copy of the painting and no other one right?
So even after taking a picture of the painting on your smartphone, it does not in any way affect the value of the original painting and neither does it mean that there is a duplicate of it. The painting can be called an NFT. It is not replaceable (Non-fungible).
Conservators at the Museo del Prado in Madrid recently discovered that this copy of the Mona Lisa was painted by a pupil working alongside Leonardo da Vinci.
NFTs could be art, collectibles, moments, and anything that is single, unique and original and as well can’t be duplicated.
www.expomaster.com.ng/layman-understanding-of-nfts-its-va...
LAYMAN UNDERSTANDING OF NFTs, ITS VALUE & HOW TO BENEFIT FROM IT
The term NFTs is all over the place, taking the news headlines by storm and becoming the major talk of the crypto space. But you’re still very much confused about the whole NFT craze and feel entirely lost whenever the subject matter is brought up.
Well, this article is prepared for you to grasp what NFT actually entails as well as how to immensely benefit from it by understanding how to chalk out huge sum of money for yourself.
JUST EXACTLY WHAT IS NFT?
NFT is simply “Non-Fungible Token”. Yeah that’s simply what it is. But that makes no relatable sense to you right? So before we move on, try substituting the word “fungible” with “replaceable”. Therefore, NFT is a Non-Replaceable Token; A non-replaceable entity.
Let’s take for instance the worldly highly regarded popular Monalisa painting by Leonardo Da Vinci, there’s just one original copy of the painting and no other one right?
So even after taking a picture of the painting on your smartphone, it does not in any way affect the value of the original painting and neither does it mean that there is a duplicate of it. The painting can be called an NFT. It is not replaceable (Non-fungible).
Conservators at the Museo del Prado in Madrid recently discovered that this copy of the Mona Lisa was painted by a pupil working alongside Leonardo da Vinci.
NFTs could be art, collectibles, moments, and anything that is single, unique and original and as well can’t be duplicated.
www.expomaster.com.ng/layman-understanding-of-nfts-its-va...