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NFTs 101

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• NFT is an acronym for non fungible token. Almost quite literal right, non fungible meaning unexchangeable, making it unique and seperately identifiable and even valued differently

building the next viral app onchain :: games 🎮           crypto educator 📋

• NFTs stored digitally on a blockchain can also be used to represent real life objects, as is the case with Unisocks. Pretty much any digital item can be represented with an NFT

• NFT representing a digital and/or physical object has highly trustworthy information about the origin and history of that piece whether digital/physical. This information alone can increase the cultural value of the item be it art, sound, code, video and so on

• Also NFTs can have code attached to them to do special things the developer intends for example, code that ensures the original creator receives royalties from secondary sales

• NFTs are stored on a blockchain (like Ethereum or Solana) permanently. A blockchain is the same technology that Bitcoin is built on

• This new technology (NFT) has introduced into mainstream a new way for artists (NFT artists), patrons, hobbyists, and markets (NFT markets) to interact, share value, and have fun.

Creating a whole new wave of cultural adoption and influence.

Gm. 🌍

• NFTs are blockchain based records that represent unique pieces of media (media can be anything digital, including art, music, code, in-game items, collectibles, memes, videos)