NFT Blog In Nigeria
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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OpenSea Introduces New Policy to Combat NFT Theft
OpenSea, the world’s largest non-fungible tokens (NFT) marketplace has introduced a new stolen item policy to combat NFT theft. Theft…
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How to Make Passive Income with NFTs
One of the ways of becoming wealthy is by earning passively. Passive income includes regular earnings from a source other than…
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How To Convert Your Digital Arts To NFTs And Sell Them
The word “nonfungible” is widely used in economics to denote traits such as uniqueness and non-interchangeability. A “token” as a…
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How Do You Access The Value Of An NFT?
NFTs are not the same as some investment portfolios like shares whose values can be accessed using certain metrics. Over…
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How To Buy NFTs On Solana
The popularity of NFTs can be linked to their operation on the Ethereum blockchain where it was birthed. However, as…
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Top 5 Most Traded NFTs Collections In June 2022
With each passing day, NFTs are becoming part of our lifestyle. Technology seems to be improvising in every aspect of…
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How Can You Share An NFT? Fractional NFTs Explained
One may think it is ridiculous to ask this question “how can you share an NFT”, knowing fully that NFTs…
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How NFTs Are Influencing Hollywood And The Entertainment Industry
For the past few years, the growth of the Hollywood industry has been hindered by a lot of problems. Some…
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Top 10 Best Selling NFT Artists In 2022
The The real centre of attraction behind NFT projects such as the digital art collections is the precision and the…
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