Cryptocurrency Q&A
What is an NFT and why is it worth money?
What is an NFT and why is it worth money?
SakuraSpiritual
Wed Nov 06 2024
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7 answers
1834
I heard about NFT recently and I'm curious to know what it actually is. I also want to understand why people are willing to pay so much money for it. Can someone explain this to me in simple terms?
7 answers
ChristopherWilson
Fri Nov 08 2024
The process of tokenizing these assets involves using a blockchain technology.
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Raffaele
Fri Nov 08 2024
Tokens serve as unique identification codes for each NFT.
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CryptoTitan
Fri Nov 08 2024
Non-fungible tokens, or NFTs, represent a unique class of digital assets.
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Valentina
Fri Nov 08 2024
These codes are generated from metadata through an encryption function.
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Martina
Fri Nov 08 2024
Once created, the tokens are stored securely on a blockchain network.
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