You’ve seen reports of NFT artwork selling for millions of US dollars in the mainstream media. But what is an NFT really? How are NFTs different from cryptocurrencies? What do you really own when you buy an NFT?
0:00 What is an NFT or Non Fungible Token?
0:52 What is fungibility?
2:25 Programmable collectibles that have special features
3:04 Bragging rights!
4:05 Extra perks for owning NFTs, using them as an access token
4:48 Ownership and control over the asset
5:53 Can NFTs expire?
Link to ERC-721 Standard (this is just one resource to learn about NFT standards in Ethereum)
If you’re interested in NFTs, you might want to take a look at Mastering Ethereum at https://aantonop.com/a-shop/
This video is an excerpt from the March 2021 open topic Q&A where aantonop covered questions related to NFTs, breaking bitcoin, and much more. Watch the entire video here: https://youtu.be/U0T49duRt74
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