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Showing posts from September, 2022

What Are NFTs? The Latest News by Cointelegraph

NFT s also link into the metaverse and you can see how the two work together in projects such as Butcher Billy's inspired retro Atari posters. Cryptocurrencies aim to act as currencies by either storing value or letting you buy or sell goods. Cryptocurrency tokens are fungible tokens, similar to fiat currencies, like a dollar. NFTs create one-of-a-kind tokens that can show ownership and convey rights over digital goods. Other people may be able to make copies of the image, video, or digital item that you own when you buy an NFT. An NFT is a unique digital asset that is not directly replaceable with another digital asset (thus the name "non-fungible"). Real estate, for example, is non-fungible since each piece of property is unique from others. Whether or not NFTs are here to stay, for the moment they are making some people money and they're creating new possibilities for digital art. We would, however, advise caution and careful consideration of which platforms to