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NFTs, also known as Non-fungible tokens are smart contracts that represent the ownership of unique items such as; digital art, videos, music, etc. When something is non-fungible, it simply means it is unique and cannot be replaced with something else.
NFTs are the future of digital art and digital collectibles. People will come around. I just wish I knew how to really invest in them wisely because I feel like they will become massive once the general public understands their value. Go to Youtube and start small. Watch a short infographic video – from there you can google your questions. It’s the same way I started out and I still got a long way ahead of me to understand it all.
NFTs are a special class of digital tokens that have one owner and can not be divided up. Unlike cryptocurrencies like Bitcoin and Ethereum, where each token is separate and divisible, NFTs are unique and, like a baseball card or a share of stock, are also transferable, which gives these tokens similar properties to physical objects in the real world. For example, imagine an NFT of an artwork that is stored in a decentralized, open-source digital art gallery, which can not be modified or stolen.