What is an NFT? And How Does It Work? (NFT Beginner's Guide 1/10)
What is an NFT? And How Does It Work? (NFT Beginner's Guide 1/10)
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
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.
-
15:06
Mr. Build It
2 days agoBuilding a Cabin in the woods (Part 1)
49.2K16 -
47:14
Athlete & Artist Show
2 days agoAustin Ekeler On Going From "0 Star Recruit" To Leading The NFL In TD's, New Fan App EKSPERIENCE
59.6K2 -
26:22
Misha Petrov
18 hours agoReacting To Your WOKE Medical Experiences
32.5K19 -
4:51:30
UFC - Ultimate Fighting Championship
2 days agoNoche UFC 306: O'Malley vs Dvalishvili | September 14
67.1K3 -
49:01
Brewzle
1 day agoI Spent A LOT of Money Bourbon Hunting in Tulsa, OK
29.8K4 -
2:25
scoutthedoggie
23 hours agoNortheast Uzi Airsoft Scotland
34.4K11 -
8:27
MichaelBisping
1 day agoBISPING reacts: Justin Gaethje WANTS Poirier! "DUSTIN IS IN!"
29.9K2 -
3:15:15
Tundra Tactical
18 hours agoThe Worlds Okayest Firearms Live Stream
37.1K6 -
19:45
Cody and Kellie
3 days agoLiving In A Truck Camper in a 1.8 Million Acre Forest
24.6K7 -
4:23
Cooking with Gruel
22 hours agoPerfectly Boiled Eggs
16.8K10