What is an NFT? (Explained with Animations)
What is an NFT?
An NFT is a non-fungible token - a representation of digital or physical assets on the blockchain. Popular for many reasons, from a sense of exclusivity to investment, NFTs are often thought to be the future of financial technology and art!
NFTs have really taken the world by storm over the past few years, but to some they are still as mysterious as ever. In this video, I’ll explain to you what an NFT is and what you need to know about it in a simple way. Without using any crypto jargon, I’ll give you simple examples and analogies to make you understand how NFTs are made, how they work, and what they have become in our modern world!
Have you ever created, bought, or sold NFTs before? Share your experience in the comments below!
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Video Time Table:
0:00 What is an NFT?
1:12 What Are NFTs?
2:49 Blockchain And NFTs
3:37 Example of an NFT - a Tweet
4:00 What Do You Actually Buy?
5:13 Why Do People Buy NFTs?
7:07 Why Are NFTs So Expensive?
9:07 How Are NFTs Made?
10:00 How Can YOU Make an NFT?
12:33 How To buy an NFT?
13:19 Wrap-up: What is an NFT?
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