How to explain NFTs to a Boomerby@renjitphilip
918 reads

How to explain NFTs to a Boomer

tldt arrow
Read on Terminal Reader🖨️

Too Long; Didn't Read

NFT stands for Non-fungible Tokens, the name given for a token that cannot be exchanged for another. NFT is, therefore, one of a kind. These tokens usually exist on the. Ethereum blockchain and have essential information about the asset being tokenized- usually digital art or collectibles. Popular forms of NFTs include gifs, jpegs, videos, and tweets. It can be a sentimental purchase, a financial investment, a collectible for the loyal fan of a creator, a band, or a sports team.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coin Mentioned

Mention Thumbnail
featured image - How to explain NFTs to a Boomer
Renjit Philip HackerNoon profile picture

@renjitphilip

Renjit Philip

Learn More
LEARN MORE ABOUT @RENJITPHILIP'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart
Renjit Philip HackerNoon profile picture
by Renjit Philip @renjitphilip.Lifelong learner of all things #Digital & Business, #Insurtech , #Fintech & Blockchain | #XStartup Founder+Mentor |
Check out my blog

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa