NFT stands for Non-Fungible Token, but what does that even mean? Think of it like this: imagine you have a toy car, and your friend has a toy robot. They’re both cool, but they’re different, right? Well, that’s kinda like how NFTs work!
Instead of being like regular money that you can swap for other money just the same (that’s what “fungible” means), NFTs are unique. It’s like having a special digital toy that nobody else has – pretty neat, huh?
People use NFTs for all sorts of stuff, like buying and selling digital art, music, videos, and even virtual land in video games! It’s a bit like collecting rare Pokémon cards, but all online.
So, how do NFTs work? They use something called blockchain technology, which is like a super-secure digital record book that keeps track of who owns what. That way, you can prove that you’re the real owner of your cool digital stuff.
Now, some folks think NFTs are super cool because they let artists and creators sell their work directly to fans, without needing a big company in the middle. But others worry about things like the environment because making and trading NFTs can use up a lot of energy.
Checkout Low Priced Cool Gadgets on Amazon:
https://www.amazon.in/shop/mushychannel2021
Show your support ..Share, Support, Subscribe ! It’s free.
Subscribe: http://bit.ly/2kL1sdN
Youtube: https://www.youtube.com/c/MushyChannel2021
Twitter: https://twitter.com/mushychannel
Facebook: https://www.facebook.com/mushychannel
Instagram: https://www.instagram.com/mushychannel
