What is NFT?

One of the biggest Trends in the crypto world.

Imagine buying a digital artwork on the internet at a reasonable price and getting a unique digital token known as an NFT, which proves your authority over the artwork you bought. Wouldn’t it be great?
NFTs are now pitched as the digital answer to collectibles. Digital artists see their lives changing thanks to massive sales to a new crypto-audience.

NFT is a kind of digital certificate, established via blockchain, which defines originality and exclusivity to digital goods. Acronym for “Non-fungible Token”, NFTs came to attention after millions of dollars were used to buy this type of asset on the internet.

NFTs have become one of the biggest trends in the crypto world in 2021, with a 55% increase in sales over 2020, which went from $250 million to $389 million. And you probably don’t understand any of what that means. Although it also works in a virtual world, this type of investment, and it is an investment, is not the same as buying bitcoins, as you might think at first.

All NFTS unique to the world, generating scarcity around the item and opening space for a market to settle, involving collectors and investors interested in investing real money in the acquisition of works and digital assets.

In a simplified way, an NFT linked to any digital item as an example:

• Artistic works
• Virtual items within video games, such as skins, digital currencies, weapons and avatars
• Song
• Memes
• Collectibles, such as digital cards;
• Tokenized real-world assets, from real estate and cars to racehorses and branded shoes
• Virtual land
• Videos of iconic moments of the sport.

THE MAIN VALUE OF NFTS IS BASED ON TRUST IN AUTHENTICITY

ETHEREUM HAS THE BIGGEST NFTS ECOSYSTEM, AND ITS BIGGEST MARKETPLACE CURRENTLY IS OPENSEA