NFT LORE

NFT aka Non-Fungible Tokens are one of the use cases of blockchain technology. NFTs use cryptocurrency as their underlying payment method. Billions of dollars has been invested in NFTs this year alone, and more and more applications are popping up each week. This article is all about NFTs. I have tried to simplify a complex technology in simple terms so that even a non-technical person can understand what NFTs are all about and why they have become a hot topic this year.

NFT, which stands for Non-Fungible Token, is a blockchain-based technology that prevents users from creating more than one copy of a piece of content. This characteristic of the blockchain ensures that there can only be a single copy of digital content. Blockchain ensures the owner digitally signs the piece of content using a cryptography algorithm, and stores the digitally signed copy on a public blockchain.

This article talks about the fundamentals of NFTs and more. In this article, I will cover the following topics,

What is an NFT
What does NFT stands for
Why NFTs
How to make an NFT
How to buy and sell NFTs
What is NFT Art
How to make NFT Art
What is NFT Crypto
How to buy and sell NFTs
On March 23, Jack Dorsey’s first tweet ever posted on Twitter sold for $2.91 million to @sinaEstavi. It was purchased in a bidding process where Justin Sun, Tron blockchain founder, offered $2 million.