What is an NFT? (Non-Fungible Tokens Explained)

What is an NFT? A Non-Fungible Token, also known as a NFT, is a type of digital token or asset. A common analogy is to think of these as digital trading cards or digital paintings. When you buy an NFT, you are buying the rights to that specific asset. In this video you'll learn exactly what a non-fungible token is, and why they are valuable.
0:00 - 0:15 Intro
0:16 - 1:00 What is an NFT?
1:01 - 2:24 The Details of all Non Fungible Tokens
2:25 - 5:13 Why buy an NFT?
5:14 - 6:12 Buying Jack Dorsey's First Tweet
6:13 - 6:48 How popular are they?
6:49 - 7:52 Top 11 Most Expensive NFTs
7:53 - 8:44 Can someone copy your NFT?
8:45 - 10:13 How do you buy an NFT?
10:14 - 11:05 Where do you store your NFTs?
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Among all videos watched on NFT, yours is the most simple & thoroughly elaborated. Finally, a true beginner guide. Love it bro, keep em coming!

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I don't get it! So does the NFT hold a crypto value that can be cashed out?

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⭕ The NFT Lord ⭕

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When buying NFT'S 'it's important you understand what you are buying, a piece of data.' - I found this piece of information to be of most use. Thanks!

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I don't get it! So does the NFT hold a crypto value that can be cashed out?

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That is gold, but I think he missed explaining what happens if the host changes or disappears

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We're glad you enjoyed it! if you have any questions let us know :) - N

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Glad we could help!

[@bradvestby]

Can someone break this down for me please? I still have no idea what an NFT is or what it's purpose is..

[@brianvarga9768]

It is the digital world of buying rare stuff for either investing or because you are a fan of that stuff. Think of real world examples. This year, Messi cried into a handkerchief. That went on sale because there is a whole world of rabid Lionel Messi fans. The person who purchased the handkerchief will either sell it at s later date for a profit or keep it as a souvenir. The NFTs are the digital examples.

[@bradvestby]

@@brianvarga9768 I get the idea of buying a real world item, for investment or entertainment purposes.. But what value does anything online hold when anyone can reproduce it and copy it at will.. Wouldn't the value just drop on that fact alone? If someone doesn't want their art replicated or copied online.. Wouldn't it be easier to just not put it online??

[@brianvarga9768]

@@bradvestby I think NFTs are supposed to work in conjuction with things like verasity (another blockchain tech). I believe it acts like a watermark, proof of purchase. I'm not an expert on it, so take that as "I only read about it."

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Thank you for the nice comment Olicia! We plan on making a lot more! :)

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The contents you guys create are most definitely the easiest to understand. Because of the way you present it. With my limited knowledge, I do not know any other content creator who does that. Thanks a million for that. That being said, you have explained NFT that even 5 years old would understand as I did. Lol. What I do not understand is-would NFTs have real-world value in future years, considering it's a "digital asset" unlike "Monalisa" that has a real-world value and physical existence. Is there any other use cases for NFTs or might there be more use cases in future? Or will it be just limited to GIFs. TIA

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I really love your videos. They are very interesting and easy to understand. I hope you can make a video about Listen Token, holders access to exclusive social impact NFTs from the world’s greatest actors, musicians and etc. Wanted to learn more about this.

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Huge applause. Thank you very much for such an explanation!

[@punnymoney3692]

I don't get it! So does the NFT hold a crypto value that can be cashed out?

[@Vraellko]

@@punnymoney3692 nft is like an art mate. It has value, if people will give value to it. But nft can have other benefits too. If you hold nft of a singer, you can have discount on a ticket, or you can have access to a backstage. It is easy to prove, that you are owner of nft, so it's easy to do such a things...

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@@Vraellko does it cash out though? Does it hold a crypto value?

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Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...

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Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...

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