Cryptocurrencies and NFTs are all the rage right now. But, what are NFTs?
Unlike Vincent van Gogh, who sold only one painting in his lifetime, today’s visual artists have found NFTs a profitable income source.
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.
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.