All about Non-Fungible Tokens (NFTs)

What are NFTs?

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NFT Working

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NFT Ownership

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NFT Signatures

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NFT History

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NFT Value

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Risks - Fraud

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Risks - Environment

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Stay Enchanted

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All about Non-Fungible Tokens (NFTs)

What are NFTs?

NFTs convert anything into digital assets—art, music, tweets—traded with cryptocurrency.

NFT Working

Blockchain grants ownership proof for digital assets. Wallet and marketplace needed for buying/selling. OpenSea, Rarible, Foundation.

NFT Ownership

NFTs have single ownership, offering exclusive control over digital art and metadata.

NFT Signatures

NFT owners can sign artwork and store private info accessible only to buyers.

NFT History

Terra Nulius in 2015. Evolution through Curio Cards, CryptoPunks, CryptoCats to mainstream prominence.

NFT Value

Magic of individuality: NFTs hold distinct worth, each artwork being non-fungible and one-of-a-kind.

Risks - Fraud

NFT scams lurk with fake marketplaces and unverified sellers, duping buyers with copied artworks.

Risks - Environment

NFT transactions rely on energy-intensive crypto mining, impacting the environment adversely.

Stay Enchanted

From creation to risks, delve into the captivating world of Non-Fungible Tokens.