NFT Non-Fungible Token

in Project HOPE4 years ago (edited)

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Hello dear friends, today I come to explain a new concept, a new business that will change many lives and generate millions of dollars in the future, I have no doubt this is the beginning of something giant, I mean NFT Non-Fungible Token.

The NFTs are those in which each token is unique and impossible to divide or merge, with other tokens of its class, the NFTs do not add up to each other, an example would be the skin of a video game, the collectibles, the virtual earth and the digital art.

When Blockchain technology was created, cryptocurrencies are given security, if you buy a BTC it is registered in the nodes that you own that BTC, no one can come to steal it or copy it, this concept is used through the ETH network With NFTs, you can be the owner of an NFT and it will be registered in the nodes of the Blockchain that you are the owner, this concept began to be used in video games and reached important figures, which attracted the attention of influencers and artists.

The influencer Logan Paul for a time educated his community of followers about the importance of collectibles and about pokemon cards, then one day he released 3000 NFT of pokemon each NFT was sold for 1 ETH and reached millions of dollars in profits , something similar happened with cryptopunks that are 10 thousand NFT of character faces and although they were given away, they have been sold later reaching a millionaire market.


The interesting thing about NFTs is that when using blockchain technology, the value of operations is recorded, so you can track a certain NFT, see how it has risen in value over time, always remembering that things are worth what the market stipulates and if Logan Paul's NFTs reached those figures, it is because a group of people were willing to pay for it, it does not mean that all NFTs will have value, only those that have a meaning beyond, will have value, those that have an interesting community and history.


Someone recently bought the Nyan cat the original internet meme for 600 thousand dollars, this is certified by blockchain technology, many can use the meme as well as take a photo of the Mona Lisa, but only one person is the true owner of that NFT, taking a photo of the Mona Lisa does not make you in owner of the Mona Lisa.

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There is a digital artist called Beeple, who makes his works through NFT and these works reach exorbitant values, I know that many will think that why am I going to buy an NFT if it is basically a photo or a GIFT that I can have without buy, but the idea Business is the money you can earn by selling it later, so this concept is interesting is a new business idea you have to keep an open mind.

Thank's for read



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thank's for read

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