What is NFT and How you can Make Millions of Dollars from it?

What is NFT and How you can Make Millions of Dollars from it?

Understanding what NFT Means.

TABLE OF CONTENT

  • What is an NFT?

  • What is the relation between NFT and Cryptocurrency?

  • What is NFT used for?

  • How to Buy NFTs

  • Conclusion

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So, at the end of this article, your confusion about not knowing the use of NFT will be solved, and also knowing how it is related to Cryptocurrency.

What is NFT?

NFT(Non-fungible token) is a digital asset that represents real-world objects or images in form of art, music, videos, and in-game items. They are sold and can be brought and officially or automated your(You become the rightful owner of the items) with cryptocurrency and they are linked up with Blockchain.

What is the relation between NFT and Cryptocurrency?

NFT and Cryptocurrency is related and are linked up through the use of MetaMask or I will say Blockchain which helps you to buy and sell your items, NFT exist on a blockchain specifically, NFTs are typically holding on the Ethereum blockchain, although other blockchains support them as well..

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What is NFT used For

You may wonder why every space I get to they talk about NFT and what is it really used for,

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An NFT is created or "minted" from digital objects that represent both tangible and intangible items, including:

  • GIFS

  • Art

  • Videos and sports highlights

  • collectibles

  • Virtual avatars and video game skins

  • music

For example, artists no longer have to rely on galleries or auction houses to sell their

How to Buy NFTs

if you're keen to start your own NFT collection, you'll need to acquire some key items:

You'll need to get a digital wallet that allows you to store NFTs and cryptocurrencies. you'll likely need to purchase some cryptocurrency, like Ethereum, depending on what currencies your NFT provider accepts. you can buy crypto using a credit card on platforms like coinbase and even PayPal. You'll then be able to move it from the exchange to your wallet of choice. Most exchanges charge at least a percentage of your transitions when you buy crypto

Conclusion

Hope you enjoy it and now understand what NFT(Non-fungible token) is, Watch out for my next article very soon!!!! hope you learned something new, share with me your idea in the comment below about how this content has really helped you🤓🤓🤓

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