1 - luckypenguin
- moneyfx advance
Offline - Registered: 8/15/2021
- Posts: 43
NFT in simple terms?
I understand in general terms how NFTs work, but I would like more details.
- crysmile
- moneyfx advance
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Re: NFT in simple terms?
In essence, these are electronic records that become things that can be transferred between owners - just as we transfer ordinary things from hand to hand. Only instead of hands, blockchain uses accounts. It's kind of accessible.
- pixie2
- moneyfx advance
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Re: NFT in simple terms?
Music, images, text, video, 3D models - that is, any digital product that claims to be unique. Particular attention is paid to NFT by collectors, gamers (who are interested in in-game items: skins, weapons, collectible cards, etc.). I, too, am interested in going to to look at projects . It's a pretty hot topic right now.
Last edited by pixie2 (10/06/2021 7:28 am)
- fxlot
- moneyfx advance
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- Posts: 34
Re: NFT in simple terms?
Basically, it's something you don't need but gotta have it because others have it.
- AlexanderMathew
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Re: NFT in simple terms?
NFT are not only about art. It can be anything, from a cat to a car, or even an entire house. And if you want to buy it, or finding a beauty salon you can visit for great help as the most of the time you will have to buy a creative work of art that represents the NFT in your imagination.
Last edited by AlexanderMathew (9/23/2022 9:35 am)
- JacobCranwell
- moneyfx learner
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Re: NFT in simple terms?
The NFT in simple terms also provides a new way for artists to monetize their work. It allows artists to create unique digital assets that can be traded between fans and collectors without needing third-party intermediaries like galleries or traditional auction houses, also he can hire resume writing services to build more effective work easily. The most obvious use case of NFTs is in games, where you can buy skins and hats for your characters, but they can also be used to represent ownership of other things like artworks and real estate.
Last edited by JacobCranwell (9/29/2022 1:09 am)
- LHicks11
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- Registered: 9/03/2022
- Posts: 13
Re: NFT in simple terms?
A non-fungible token is a digital asset like a Bitcoin that can be transferred, exchanged, and used like other cryptocurrencies. We are providing you with youtube to mp3 for the best mp3 music downloading. A fungible coin on the other hand is just an ordinary currency or commodity, not tied to a specific value or any particular blockchain or owner's identity. This can be easily understood by understanding the difference between Bitcoins and US dollars.
Last edited by LHicks11 (10/08/2022 8:35 am)
- AlexanderMathew
- moneyfx learner
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- Posts: 7
Re: NFT in simple terms?
NFT stands for Non-Fungible Token. It may sound like a complicated name but it is actually very simple and is just one of the many different types of tokens that exist under the huffingtonpost.ca blockchain technology and cryptocurrency space.
- butcherbirch
- moneyfx learner
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- Registered: 10/31/2022
- Posts: 4
Re: NFT in simple terms?
There is a need to construct activities to experience and discover music, integrated through a variety of material and activities, and to choose learning activities relevant to students' perceptions and interests words from letters
- LaurenDesouza
- moneyfx learner
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- Registered: 11/03/2022
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Re: NFT in simple terms?
Nice post.
- JacobCranwell
- moneyfx learner
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Re: NFT in simple terms?
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