How do you understand NFTS?

To understand NFTs, it’s useful to understand their underlying technology: the blockchain. Blockchains are computer protocols designed to get many computers to agree on the same sequence of transactions without trusting each other.

Why is NFT a good investment?

Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself. How Is an NFT Different from Cryptocurrency? NFT stands for non-fungible token.

What is the difference between sneakers and NFT?

The difference between sneakers and, say, a token representing a picture of sneakers, is that buying the sneakers means you own a pair. Buying the NFT only means you own a unique token that says you own the picture of the sneakers, which can still be copied, shared, printed and hung on the wall by anyone who wants to do so.

Where are NFTS stored?

Most NFTs are stored on the Ethereum blockchain, although other blockchains have also gotten into the game and created their own versions of NFTs. Why do people invest in NFTs?