How to explain NFTs to a Boomer

Written by renjitphilip | Published 2021/05/02
Tech Story Tags: nft | blockchain | crypto-adoption | cryptocurrency-news | art | digital-marketing | what-is-an-nft | technology | web-monetization

TLDR 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.via the TL;DR App

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Written by renjitphilip | Lifelong learner of all things #Digital & Business, #Insurtech , #Fintech & Blockchain | #XStartup Founder+Mentor |
Published by HackerNoon on 2021/05/02