What Are NFTs? Your Best Guide To A New Digital Investment

Cryptocurrencies and NFTs are all the rage right now. But, what are NFTs?

NFTs are a new asset class of digital assets that you can acquire by paying with cryptocurrency, like Bitcoin. NFTs can be in-game  items, music, art, or  other collectibles.

Examples Of NFTs

Unlike Vincent van Gogh, who sold only one painting in his lifetime, today’s visual artists have found NFTs a profitable income source.

1. Digital artwork

2. Sneakers in a limited-run fashion line

Online sneaker selling and reselling platforms have jumped on the  NFT bandwagon.

Digital assets, such as pictures, video clips, memes, or NFT games, can now be traded. 

3. In-game item

4. Literature

An NFT platform created for literary works is like a distribution chain where writers can charge a percentage royalty when any of their work is resold.

These cannot be copied like regular data on a computer, but one owner can easily transfer ownership to another person using blockchain technology.

5.  Digital collectibles