NFT's Explained in 4 minutes!
What are NFT's? NFT's are an innovation in the blockchain/cryptocurrency space that allows you to track who owns a particular item. Something tricky with digital files because they can easily be copied.
NFT's are essentially smart contracts that live on blockchains like Ethereum, Flow, or Tezos. They can also be programmed to give the creator a royalty of every sale of his NFT.
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NFT's are essentially smart contracts that live on blockchains like Ethereum, Flow, or Tezos. They can also be programmed to give the creator a royalty of every sale of his NFT.
💌 Sign up for Simply Explained Newsletter:
https://newsletter.simplyexplained.com
Monthly newsletter with cool stuff I found on the internet (related to science, technology, biology, and other nerdy things)! No spam. Ever. Promise!
🌍 Social
Twitter: Twitter: Savjee
Facebook: Facebook: Savjee
Blog: https://savjee.be
❤️ Become a Simply Explained member: @simplyexplained
📚 Sources used to make this video:
https://savjee.be/videos/simply-expla...
#nft #crypto #blockchain #simplyexplained
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