Whats is a nft?
Nft stands for Non-Fungible Tokens which are unique, digital assets items such as GIFs, images, videos, music albums, that can be bought and sold.
Is it a cryptocurrency?
No, NFTs are different from cryptocurrencies , because they’re not interchangeable, meaning there is only one like it. Every bitcoin or ethereum is the same as the next one. Nft's are used to create verifiable digital scarcity, as well as digital ownership, they can be similar , but each one is different.
How long have NFTs been around?
They were created over 10 years ago and have been in the mainstream for about 5.
Why would I want to own an NFT? Can you make money on it?
The answer is 100% yes, you can make money with NFT's. Billions have been made buying , selling and investing in Nft's . NFT can have emotional , Art and financial value . Like any other investment . you must do your due diligence and understand what you're investing in. Only you can say if the risk vs reward is right for your portfolio.
How do you buy an NFT?
There are a lot of different ways and vary based on what platform you use. For this project we will be using ethereum/openseas.