What is an NFT & how does it work?

An NFT is like a digital certificate of authenticity which can be used to prove a person owns the original piece of digital artwork. Just like posters of the Mona Lisa and the original painting, there's quite a big difference in price too. What's been said about NFTs?

Why do people like NFTS so much?

Lots of people have praised NFTs as they're a way for creators of purely digital art to gain more recognition for their work. With the introduction of assets like cryptocurrencies, many believe the world is moving in a more digital direction and digital art is another big part of this.

Will National Geographic enter the NFT market?

National Geographic will enter the NFT market with a limited time collection from 16 photographers. Check out the Nat Geo Genesis NFT Collection live here. In recent years, a new digital file format has promised to revolutionize how things can be owned, bought, and sold across the internet: the “non-fungible token,” or NFT for short.

Can NFTS be traded?

NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. For instance, you could use an exchange to create a token for an image of a banana. Some people might pay millions for the NFT, while others might think it worthless.