NFT Non-Fungible Token BASICS
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• Non fungible means unique and Irreplaceable. • An NFTS worth is what someone is willing to pay for it. • It is a special kind of crypto asset.
POPULAR EXAMPLES
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• Twitter's founder transforming the first tweet into an NFT and putting it up for sale. • NFT of a New York Times column earning half a million dollars for charity.
MAJOR PLATFORMS
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• OpenSea • Rarible • Nifty Gateway • SuperRare • Foundation • Knownorigin
WORKING BASICS
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• Part of Ethereum blockchain • It is stored in a shared global database. It is decentralized using blockchain, no individual or company controls the database. • Anyone can read that specific blockchain but no one can change it.
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