What is an NFT (non-fungible token)?

NFT stands for "non-fungible token," which is a unique digital asset that is verified on a Blockchain network. NFTs are one-of-a-kind digital objects that can be bought, sold, and traded just like physical assets. Each NFT has a unique code that verifies its authenticity and ownership, making it a valuable and secure asset.

What does NFT stand for?

NFT stands for "non-fungible token," which is a unique digital asset that is verified on a Blockchain network. NFTs are one-of-a-kind digital objects that can be bought, sold, and traded just like physical assets.

How do NFTS work?

Traditional works of art such as paintings are valuable precisely because they are one of a kind. But digital files can be easily and endlessly duplicated. With NFTs, artwork can be "tokenised" to create a digital certificate of ownership that can be bought and sold.

Is shilling an NFT a bad idea?

Shilling is a controversial method of marketing. If you shill “too hard”, it can actually have a negative effect on your promotional efforts. The term was popularized in 2021 at the height of the NFT bull run. Nowadays, shilling an NFT isn’t encouraged as much as it used to be.