What is NFT & how does it work?

In many NFT sales, what the buyer gets is simply the unique entry in the blockchain database that identifies them as the owner of the digital good — the token, rather than the thing the token represents.

Where do people buy NFTS?

NFTs are bought and sold on a variety of online exchanges, where people can place bids or sometimes buy NFTs outright. Purchases are typically made in cryptocurrency, often ether, since many of the NFT platforms are part of the Ethereum blockchain. Why People Invest in NFTs

Can you buy a painting if it's a NFT?

It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be one original painting. NFTs are "one-of-a-kind" assets in the digital world that can be bought and sold like any other piece of property, but which have no tangible form of their own.

How are NFTS different from other cryptocurrencies?

The infrastructure that supports NFTs is also different. Unlike all other cryptocurrencies, NFTs cannot be listed, bought or sold on centralized or decentralized exchanges. Instead, users must use tailor-made NFT marketplaces to participate in the listing and trading of these assets.