NFTs and the tokenization of everything in blockchain| NFT Explained.
Non-fungible Tokens (NFTs) have exploded in the past year. An NFT is a digital asset that represents real-world objects. Physical money and cryptocurrency are fungible, meaning they are worth a specific price. One dollar is equal to one dollar and one bitcoin is equal to one bitcoin. NFTs are non-fungible, as an NFT is not worth an NFT. Each has a digital signature and NFTs can represent a multitude of things, including but not limited to: Art, music, sports memorabilia, in-game items, videos, Tweets, investments, real-estate funds, commercial buildings, entire hotel properties, rooms in a
hotel and single asset properties, just to name a few. They are bought and sold online, frequently with cryptocurrency. NFTs have really shined the light on cryptocurrency as they share one really important thing in common, they are powered by the blockchain. There are countless examples of NFTs exploding into the real-world. Here we’ll cover some of the highlights over the past year. Including everything from real-estate through
L.A.B.S, Banksy’s famous art, Beeple’s $69 million NFT, NBA Top Shots, Mr. Beast’s investment in Refinable, Star Wars and more. The time for NFTs and the tokenization of everything in the real world is now!
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