What is NFT & how does it work?

As with crypto-currency, a record of who owns what is stored on a shared ledger known as the blockchain. The records cannot be forged because the ledger is maintained by thousands of computers around the world. NFTs can also contain smart contracts that may give the artist, for example, a cut of any future sale of the token.

Can NFTS make money?

Some people are trying to sell tweets and even colors as NFTs.) Once you're done, collectors can start bidding. Digital artists can build a royalty into their NFTs, even for future sales, which is why many artists see promise in NFTs: It can cut out the middleman and open up a new way to make money.

Can NFTS be forged?

The records cannot be forged because the ledger is maintained by thousands of computers around the world. NFTs can also contain smart contracts that may give the artist, for example, a cut of any future sale of the token. How much are NFTs worth?

Are NFTS fungible?

Those things are fungible. An NFT, though, is one of a kind. The token refers to a unit of currency on the blockchain. It's how cryptocurrency like Bitcoin is bought and sold. "Remember those days where people would line up for the newest Nike Air Jordan sneakers at the physical store?