What do you do with an NFT?

NFTs are tokens that we can use to represent ownership of unique items . They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

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How can you make money with NFT?

Some entrepreneurs and investors utilize NFTs like stocks and profit by buying and selling them . If you have already purchased a collection of NFTs and don’t need them anymore, you can easily sell them the same way you would if you were to create them yourself. The only step you’ll skip is the minting process.

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Is NFT a cryptocurrency?

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency , like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.15 Şub 2022

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