What is an NFT?
NFT stands for non-fungible token. That means it's a unique, easily verifiable and non-interchangeable unit of data stored on a digital ledger using blockchain technology to establish proof of ownership.
What do you actually do with it?
Good question! The collectors of NFTs will be able to either hold onto the NFT as a collectible or re-sell it on the blockchain with cryptocurrency.
Why would I want to own one?
Well, one reason to buy an NFT is for emotional value, like a physical object. The other is to be able to use it as a potential investment since you are able to resell your NFT's.
Do I need Cryptocurrency to purchase the NFT?
Yes, you do. Don't worry, it sounds more complicated than it is! Click here for a step by step guide on how to make a purchase.