What The Hype Is About With NFTs
Non-fungible tokens, or NFTs as they're known, haven't been around too long, but they already threaten to disrupt the collectibles market.
NFTs have become one of the hottest niches in the blockchain space, selling for anywhere from $100,000 to millions of dollars and giving cryptocurrencies a run for their money.
These digital collectibles have captured the attention of major companies such as Visa and Adidas, celebrities including Paris Hilton and Jimmy Fallon, and famous athletes like Tom Brady and Tiger Woods, all of whom are helping to catapult NFTs into the mainstream.
NFTs are for creators, collectors, and investors alike, and their value basically comes down to what someone thinks they're worth today and how much they are expected to appreciate in value over time.
So, what are they, exactly?
NFTs are digital collectibles that contain a component such as art, video, music, real estate, or even tweets on the blockchain, pretty much wherever the creator's imagination can take them.
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