Your NFT is just a URL | NFT Explained
NFTs are not what you think they are. They are marketed as "abstract" artwork that you can own for a fee. That could not be further from the truth.
Non-fungible Tokens, or NFTs, are typically produced using the same kind of coding as cryptocurrencies. These cryptographic assets are built on blockchain technology, to put it simply. They cannot be traded or exchanged in the same manner as other cryptographic assets.
The word "Non-Transferable" (NFT) clearly denotes that due to its distinctive qualities, it cannot be altered or substituted. Both fiat money and cryptocurrencies can be traded or exchanged for one another because they are both fungible.
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//CHAPTERS:
Intro - 00:00
OpenSea NFT Marketplace - 00:56
Etherscan - 01:28
What is IPFS? - 02:07
What is an NFT? - 03:12
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