Скачать или смотреть What are NFTs | simple explanation

What are NFTs? Are NFTs good investments? How to buy NFTs? These are questions that most people are asking themselves. This video will be a simple explanation of what are NFTs and how do they work.

Source referencing
Videos used in this video are originals of CNN and CNBC news publications

Christie's CEO on the record-breaking sale of Beeple's NFT artwork
   • Christie's CEO on the record-breaking sale...  

EtherRock NFT sells for $1.3 million, sale prices jump in a week
   • EtherRock NFT sells for $1.3 million, sale...  


I have also covered other videos on NFTs in these videos I give you a step by step guide on buying and selling NFTs on Pancakeswap NFT marketplace,

If you are just getting started and don’t yet have a good understanding of what are NFTs and how do they work, check out my YouTube playlist on NFTs NFTs   • NFTs  

What’s the hype around NFTs?
It seems as if NFTs is what everyone is talking about recently and people don’t understand why would a JPEG cost millions of dollars

NFTs are not new, back in 2017 NFTs called crypto kitties brother the internet for congestion on the Ethereum blockchain but the hype was not as big as it’s today.

What is an NFT? An NFT is a nonfungible token, this can include digital artwork, music, video, virtual land, and more. They are published on the blockchain like Ethereum, Binance smart chain, Solana, Cardano, Polkadot, etc.

The process of publication of these digital assets is called minting, as much as these NFTs can be so expensive, minting NFT costs almost nothing depending on the blockchain you are using. The Ethereum blockchain is however known for high gas fees when buying and selling NFTs this includes when minting NFTs as well.


Are NFTs over-hyped?
I believe this is an amazing space for digital arts to make money when it comes to the subject of the price for these NFTs I believe it comes down to the buyer and how much is too much and how much they are willing to spend buying NFTs

What are the next big NFTs?
This is perhaps a great time to mention that I have been and am still in the process of designing my own NFT collection. Members of the channel will also stand a chance of winning themselves some of my NFT collection