What are NFTS & how do they work?

The term NFT means "non-fungible token." NFTs are one-of-a-kind digital assets number that can convey ownership of digital content such as images, videos and music. In some cases, NFTs have fetched staggering sums, like the collage created by artist Beeple that sold for $69 million in 2021.

Where do people buy NFTS?

NFTs are bought and sold on a variety of online exchanges, where people can place bids or sometimes buy NFTs outright. Purchases are typically made in cryptocurrency, often ether, since many of the NFT platforms are part of the Ethereum blockchain. Why People Invest in NFTs

What happened to the NFT market?

The rise, fall, and transformation of the NFT market have people speculating on what happened to NFTs and their future trajectory. While the fall of NFTs marked a significant shift from the exuberant highs of 2021, it is premature to dismiss the technology entirely. Several factors hold the potential to facilitate the resurgence of the NFT market:

What is NFT ownership?

NFT ownership is secured by a blockchain. Using blockchain technology to digitally signify ownership can make an investor's ownership of an asset more secure. Blockchain tech also can make ownership of assets more transparent. It's an opportunity to learn more about blockchain technology.