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To: numberonepal

The twitter thread you linked mentions “NFT”. Do you know what NFT means?


638 posted on 06/24/2021 11:16:48 AM PDT by Oorang (Politicians:-a feeble band of lowly reptiles who shun the light and who lurk in their own dens. )
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To: Oorang

NFT stands for non-fungible token. The most simplistic description of an NFT is that it’s an asset in digital form usually bought as an investment. It may be a piece of digital art, a video clip of an athlete doing something amazing, an artist singing a song, a picture, etc. The value is whatever a buyer will pay for it, the buyer owns it exclusively, and the provenance is protected by blockchain technology. Others here may have a better description and should correct me if I’ve misstated any of the characteristics.


777 posted on 06/24/2021 4:51:54 PM PDT by LittleLinda
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