Short for Non-Fungible Token NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. NFTs can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file.
NFTs are purchased on a platform like opensea.io with crypto currency.
Check out this great overview: NFT Basics.
Setting up a MetaMask Wallet.
Get Set Up to Bid on an NFT on Open Sea.
There are many types of NFTS but right now the usage for digital art is most popular. And many people are looking for a great solution to showcase their NFTS in their homes and offices. The screens from TokenFrames are quite nice and useful and you can access the website by simply clicking here.
In a first in the history of auctions, a digital artwork sold for more than US $69 million at Christie’s. The artwork, titled Everydays – The First 5000 Days by American artist Mike Winkelmann, also known as Beeple, is a collage of 5,000 individual images made one-per-day over more than thirteen years.
Nearly 18,000 potential buyers viewed Noora Health’s groundbreaking NFT, “Save Thousands of Lives” — but ultimately it went to Paul Graham. Graham became the owner of the NFT after bidding 1,337 tokens – the equivalent of $4,573,957.22.