What are NFTs and how do they work?

Well, NFTs has made that possible with the use of blockchain to verify your identity and give you ownership of the NFT you buy. NFTs stand for non-fungible tokens, which means they are unique and are non-exchangeable. They are a boon for artists and have given them a new way to reach the entire world and sell their artworks for millions of dollars.

Is it smart to buy an NFT?

NFTs are instead unique assets in the digital world that can be bought and sold but have no tangible form of their own. Just as you wouldn't buy a car just for the paper title that comes with it, it's not smart to buy an asset just because it's been tokenized into an NFT.

What is NFT ownership?

NFT ownership is secured by a blockchain. Using blockchain technology to digitally signify ownership can make an investor's ownership of an asset more secure. Blockchain tech also can make ownership of assets more transparent. It's an opportunity to learn more about blockchain technology.