What are NFTs? 🚀 (Non-Fungible Tokens!) - Beginner's Guide
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This is a simple explanation of what NFT's, or Non-Fungible Tokens, are in cryptocurrency and blockchain technology for beginners.
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♥ Ledger Nano X & S Hardware Wallets: https://www.ledgerwallet.com/r/befe
♥ Link to Join Ivan on Tech Academy at a Discount - https://academy.ivanontech.com/a/3099...
♥ Link to Apply to Crypto Casey Beta Course - https://CryptoCasey.com/Beta
♥ Link to Choice Bitcoin Retirement - https://www.retirewithchoice.com?kid=1B8081
To check out the links to all of the articles we discuss, go to https://CryptoCasey.com/Last-Week-Crypto.
======== TABLE OF CONTENTS ========
00:00 - Introduction
00:36 - 3 Key Concepts to Understand NFT's Better
01:06 - Subjective vs Objective Value
04:29 - What is a Market?
06:06 - Fungible vs Non-Fungible Assets
08:21 - Definition of Tokens
09:22 - What is Blockchain?
09:45 - Decentralization
10:49 - Transparency
11:58 - Immutability
12:39 - What is An NFT, or Non-Fungible Token?
14:37 - NFT's Available on OpenSea.io NFT Marketplace
12:50 - Unstoppable Domains NFT''s
16:45 - Standardization
18:31 - ERC-721 Standard
20:20 - ERC-998
21:09 - ERC-1155
22:45 - Tradeability
23:34 - Liquidity
24:45 - Immuteability
25:15 - Programmability
25:35 - How NFT's Could be Used in the Future
28:20 - Current Cons of NFT's
29:52 - Outro
======== VIDEO SUMMARY ========
This is a video guide for beginners all about NFT's or Non-Fungible Tokens.
We will discuss what NFT’s are, how they are created, how they are being used now, and how they can be used in the future.
A non-fungible token is simply a representation of a unique digital asset that cannot be equally swapped or traded for another NFT of the same type.
So non-fungible tokens can represent digital art, a ticket to an event, an in-game item, virtual property in a virtual world, or even a real-world asset like a deed or title to actual land in the physical world.
Blockchain adds unique properties to digital assets by giving people ownership, management permissions, and transferability on a decentralized, transparent, and immutable platform.
Blockchain technology provides a coordination layer that will impart 6 key properties onto digital assets, all predicated on immutability which are: standardization, interoperability, tradeability, liquidity, immutability, & programmability.
======== LINKS TO ACCESS SITES SAFELY ========
♦ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase: https://bit.ly/Coinbase-x2
♦ Kraken Exchange Link: https://r.kraken.com/r5XmG
♦ KuCoin Exchange Link - https://www.kucoin.com/ucenter/signup...
♦ Bittrex Signup Link: https://bittrex.com/Account/Register?...
♦ Coinmama Signup Link - https://go.coinmama.com/visit/?bta=51...
♦ BitBuy Canadian Exchange Link - http://go.bitbuy.tech/aff_c?offer_id=...
♦ Recommended Hardware Wallet:
Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe
♦ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-vault/?w...
======== ESSENTIAL CRYPTO RESOURCES ========
♦ Recommended Hardware Wallet:
Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe
♦ Recommended 2nd Hardware Wallet:
Trezor Model T Link - https://shop.trezor.io/?a=casey@crypt...
♦ Recommended Malware Protection for Computer & Mobile Devices:
MalwareBytes Link - http://www.tkqlhce.com/click-8628825-...
♦ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts:
ProtonMail Link - http://proton.go2cloud.org/SH1f
♦ Recommended Crypto Tax Solution:
CryptoTrader Link - https://www.cryptotrader.tax/?fp_ref=...
======== SOCIAL MEDIA LINKS ========
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● Twitter: Twitter: cryptocasey
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● Business Contact - [email protected]
● Website - https://CryptoCasey.com/
● Podcast - https://cryptocasey.buzzsprout.com/
======== DONATIONS ========
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♥ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4
© 2023 Crypto Casey. All rights reserved.
Easiest hardware wallet, size of a bank card!!
⚡💰 Get 5% off!! Promo Code: CRYPTOCASEY5
✔️ No batteries/cables, NASA+ security!!
This is a simple explanation of what NFT's, or Non-Fungible Tokens, are in cryptocurrency and blockchain technology for beginners.
💪 Unstoppable Domains ► https://bit.ly/Unstoppable-x1
Secure your Web3 username! Your own identity!
⚡💰 Starting from as low as $10!
✔️ NO RENEWAL FEES: "It's your name. Own it."
======== $25 Worth of FREE Crypto from Crypto.com ========
♥ Crypto.com Signup - http://platinum.crypto.com/r/cryptocasey - Type in Referral Code: CryptoCasey and we both get $25 🙂
♥ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-vault/?w...
♥ Ledger Nano X & S Hardware Wallets: https://www.ledgerwallet.com/r/befe
♥ Link to Join Ivan on Tech Academy at a Discount - https://academy.ivanontech.com/a/3099...
♥ Link to Apply to Crypto Casey Beta Course - https://CryptoCasey.com/Beta
♥ Link to Choice Bitcoin Retirement - https://www.retirewithchoice.com?kid=1B8081
To check out the links to all of the articles we discuss, go to https://CryptoCasey.com/Last-Week-Crypto.
======== TABLE OF CONTENTS ========
00:00 - Introduction
00:36 - 3 Key Concepts to Understand NFT's Better
01:06 - Subjective vs Objective Value
04:29 - What is a Market?
06:06 - Fungible vs Non-Fungible Assets
08:21 - Definition of Tokens
09:22 - What is Blockchain?
09:45 - Decentralization
10:49 - Transparency
11:58 - Immutability
12:39 - What is An NFT, or Non-Fungible Token?
14:37 - NFT's Available on OpenSea.io NFT Marketplace
12:50 - Unstoppable Domains NFT''s
16:45 - Standardization
18:31 - ERC-721 Standard
20:20 - ERC-998
21:09 - ERC-1155
22:45 - Tradeability
23:34 - Liquidity
24:45 - Immuteability
25:15 - Programmability
25:35 - How NFT's Could be Used in the Future
28:20 - Current Cons of NFT's
29:52 - Outro
======== VIDEO SUMMARY ========
This is a video guide for beginners all about NFT's or Non-Fungible Tokens.
We will discuss what NFT’s are, how they are created, how they are being used now, and how they can be used in the future.
A non-fungible token is simply a representation of a unique digital asset that cannot be equally swapped or traded for another NFT of the same type.
So non-fungible tokens can represent digital art, a ticket to an event, an in-game item, virtual property in a virtual world, or even a real-world asset like a deed or title to actual land in the physical world.
Blockchain adds unique properties to digital assets by giving people ownership, management permissions, and transferability on a decentralized, transparent, and immutable platform.
Blockchain technology provides a coordination layer that will impart 6 key properties onto digital assets, all predicated on immutability which are: standardization, interoperability, tradeability, liquidity, immutability, & programmability.
======== LINKS TO ACCESS SITES SAFELY ========
♦ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase: https://bit.ly/Coinbase-x2
♦ Kraken Exchange Link: https://r.kraken.com/r5XmG
♦ KuCoin Exchange Link - https://www.kucoin.com/ucenter/signup...
♦ Bittrex Signup Link: https://bittrex.com/Account/Register?...
♦ Coinmama Signup Link - https://go.coinmama.com/visit/?bta=51...
♦ BitBuy Canadian Exchange Link - http://go.bitbuy.tech/aff_c?offer_id=...
♦ Recommended Hardware Wallet:
Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe
♦ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-vault/?w...
======== ESSENTIAL CRYPTO RESOURCES ========
♦ Recommended Hardware Wallet:
Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe
♦ Recommended 2nd Hardware Wallet:
Trezor Model T Link - https://shop.trezor.io/?a=casey@crypt...
♦ Recommended Malware Protection for Computer & Mobile Devices:
MalwareBytes Link - http://www.tkqlhce.com/click-8628825-...
♦ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts:
ProtonMail Link - http://proton.go2cloud.org/SH1f
♦ Recommended Crypto Tax Solution:
CryptoTrader Link - https://www.cryptotrader.tax/?fp_ref=...
======== SOCIAL MEDIA LINKS ========
● Facebook Page - Facebook: cryptocasey
● Twitter: Twitter: cryptocasey
● Instagram: Instagram: cryptocasey
● Telegram: https://t.me/cryptocaseychat/
● Business Contact - [email protected]
● Website - https://CryptoCasey.com/
● Podcast - https://cryptocasey.buzzsprout.com/
======== DONATIONS ========
♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G
♥ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4
© 2023 Crypto Casey. All rights reserved.
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