WHAT IS NFT?

in LeoFinance2 years ago

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Hello friend's, am new here and its my first time of dropping an article here. Today I want to talk about NFTs. I know most of us are gurus when it comes to that aspect and am sure NFT may sound as a layman's word to some people here, so I want to talk about the little I know and understand.

WHAT IS NFT?

You see, technology in the world today is moving to a higher level where cryptocurrency or Blockchain is among the leading technology in the world. When we talk about NFTs, according to google or Wikipedia, NFT meaning (non_fungible token) is a unique digital identifier that can not be copied, substituted, or subdivided, that is recorded in Blockchain and that is used to certify authenticity and ownership.

NFTs can be created by anybody with few or no coding skill(computer language), you can create your own that will be recorded in Blockchain. It can be sold out and get paid in cryptocurrency, or transferred to someone. NFTs can be of any type, it can be a photo, video, artwork, and audio.

NOTE: Because NFTs are uniquely identifiable assets, they differ from cryptocurrency which are fungible, which means they are non-fungible.

SITES TO SELL NFTs
You may have a nice photo, video, photo artwork, or audio which you wish to sell out as an NFTs and get paid, here are some recommended sites that gives fast sells

OPEN SEA:

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RARIBLE:

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​BINANCE:

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After creating your NFT in any of this sites or market place listed above, you'll need to promote your NFT. On my next post, I'll be teaching on how to promote NFTs on social media or on website.