NFTs
If this is your first time hearing NFTs, gather here. A lot of people have never heard of NFTs and that’s pretty normal. I mean, that’s what we are here for, isn’t it?
NFT means “Nonfungible token” and what it simply does is that it allows buyers to purchase ownership of a digital good living on a blockchain. Digital goods come in the form of anything. It could be an image, a video, animation, anything in the form of a unique digital token living on a blockchain. Let’s look at it from this angle. If you own a digital asset such as a photo, or a video, these assets that you own can be ‘tokenized’ or turned into an NFT. These tokenized items can then be bought or sold or traded using cryptocurrency. Anything can be an NFT. If it is digital, then it can be tokenized. And what’s not digital in this age? Nothing!
To buy or sell NFT in Nigeria, you need a cryptocurrency wallet. This is where you store your digital monies. A cryptocurrency wallet allows you to spend, receive and trade cryptocurrencies.
To learn more about the NFT world, read the articles below.
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Top 5 Cheapest Bored Ape NFTs
The year 2021 has been a fantastic year for non-fungible tokens (NFTs). In the last year, the NFT market has…
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Is Apecoin A Good Investment?
The Bored Ape Yacht Club (BAYC) was one of the most popular non-fungible token (NFT) collections in 2021, cementing its…
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How To Know If An NFT Project Is A Rug Pull
The value of an 8,888 NFT collection under the Frosties project plummeted to almost zero almost overnight in January 2022,…
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Minting NFT: How To Mint NFT For Beginners
Digital assets will be represented in a new way with the advent of non-fungible tokens (NFTs), according to many. With…
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How NFTs Will Change The World
The blockchain uses non-fungible tokens (NFTs) as a medium of data storage. Therefore, those who own this piece of art,…
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What Are NFTs And How Do They Work?
NFTs are currently sweeping the world of digital art and collectibles. NFTs are being marketed as the digital answer to…
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How To Create Your NFT Marketplace In 2022
The popularity of digital collectibles and online marketplaces is steadily rising. Build your marketplace if you plan on entering the…
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