Understand in this animation 👇🏻 what makes an NFT unique:
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What are NFTs?
Translated from English, NFT is the acronym for Non-Fungible Tokens. In the dictionary, fungible means that which is spent or consumed. In the case of NFT's, the proposal is totally different. After you acquire an asset, or a token, it will not be spent and will have a unique value, although variable. In this sense, each “object” has its own signature, or electronic code.
What can NFTs be?
NFTs can be artistic paintings, audios, animations, game items, everything in the digital sphere. Bringing it to the context of the metaverse, you can purchase an outfit to use on your avatar, and after acquisition it will be unique. In this case, on the market, your piece only has one owner. Therefore, it is a non-fungible token.
To illustrate, it is as if you had in your hands, or within some metaverse platform, a collector's item, which will never be reproduced, with a kind of registered serial number, incapable of being copied. In this way, unique pieces have a greater value.
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Who has already invested in NFTs?
Names like Neymar, Justin Bieber, Snoop Dogg and Madonna invested millions of dollars to have their own NFTs.
To acquire NFT's you must keep in mind that traditional currencies, from the physical world, take a backseat. Here transactions take place in virtual currencies, like all items traded through the metaverse.
Platforms with their own currencies for acquiring tokens
Currently, several platforms have their own currencies, as is the case with Decentraland, with Mana and The Sandbox, with Sand, environments that are among the most popular in the metaverse.
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When purchasing an NFT, the investor must be aware that the token works like any other item linked to the capital market. There are factors that can bring down or boost the price of parts, such as volatility and liquidity.
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