What is NFT & how does it work?

NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. An NFT can either be one of a kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file.

What is a non fungible token (NFT)?

The cards are being offeredas a "non-fungible token" (NFT), a way of owning the original digital image. Where Bitcoin was hailed as the digital answer to currency, NFTs are now being touted as the digital answer to collectables, but plenty of sceptics fear they're a bubble waiting to burst. What is a non-fungible token?

Did Keanu Reeves laugh at NFTS?

See our ethics statement.He’s not laughing at them anymore. It seems like Keanu Reeves may have had a change of heart around NFTs. In December, the actor was sent into peals of laughter after my colleague Alex Heath asked him about the idea of digital scarcity and digital collectibles. Reeves commented that digital items are easily reproduced.

Who can view NFTS?

While anyone can view the NFT, only the buyer has the status of being the official owner – a kind of digital bragging rights. Buying an NFT of an image or video does not normally mean the buyer gets the copyright of the underlying item. WHAT KIND OF NFTS EXIST?