What is an NFT? And How Does It Work? (NFT Beginner's Guide 1/10)
Summary:
A non-fungible token (NFT) is a unique and tradable digital token that verifies ownership of an asset. Token ownership can represent assets like digital art, images, videos, music, gaming items, event tickets, and thousands of other items.
The owner of an NFT has a proverbial ‘bill of sale’ that enables them to prove that they own it—and that they are the only person who owns it.
Compared to previous generations of digital assets, NFTs operate more like real-world assets. You can freely trade them, sell them, and even insure them. Their interoperability, immutability, composability, and censorship resistance take NFTs to the next level.
Chapters:
0:00 Intro
0:38 What is an NFT?
2:08 What is a blockchain?
4:17 #1 - Interoperability
7:14 #2 - Immutability
8:55 #3 - Composability
10:36 #4 - Censorship Resistance
13:13 Wrap up
-
LIVE
vivafrei
9 hours agoEp. 218: Biden DISASTER Continues! Trump Immunity FALLOUT! Europe in Turmoil! & MORE! Viva & Barnes
19,558 watching -
LIVE
Vigilant News Network
2 hours agoMedia Blackout: 10 News Stories They Chose Not to Tell You - Episode 30
3,163 watching -
36:08
Stephen Gardner
2 hours ago🔴Trump Lawyer EXPOSES Judges Juan Merchan & Arthur Engoron in NYC cases
12.7K66 -
4:30
Caleb Hammer
1 month ago27 Year Old Doesn't Give A Single Crap About His Finances
20.3K34 -
52:38
Squaring The Circle w/ Randall Carlson
7 hours ago#011 The Cosmos Speaks: The Tunguska Impact Event Pt.2 - Squaring The Circle
12.9K11 -
27:47
Degenerate Jay
8 hours agoWatch Dogs Is An Underrated Gem - Watch Dogs Game Review
13.2K4 -
51:00
Sports Wars
8 hours agoBronny James Has DISASTROUS Debut, Caitlin Clark HATE Reaches New Level, Vikings Rookie DB Tragedy
43.9K42 -
41:05
Standpoint with Gabe Groisman
9 hours agoEp. 35. Saluting our Troops this Independence Day Weekend. Vice Adm. Herman Shelanski, USN (ret.)
55.2K16 -
45:54
The Why Files
16 hours agoHumans vs Superhumans | When Monsters Were Real and We Almost Went Extinct
67.1K76 -
23:03
TimcastIRL
9 hours agoBill O’Reilly Says Biden Will DROP OUT, Tucker Carlson Says Obama Wants Biden GONE
82.9K268