You probably had already heard about NFT’s thesedays and that’s maybe because of the notorious 69 million dollar jpeg, the three million dollartweet or even the 600 k dollar funny GIFs but do you really know what an NFT is? NFT standsfor Non-Fungible Tokens but first fungible is the synonym of exchangeable or switchablesome examples of fungible things are money or even crypto coins so it doesn’t matterif I give you this dollar now or this old one they’re interchangeable since they hold thesame appreciate but on the other hand cases of artistries cannot be exchangeable and if these could be anydigital assets from artworks to game entries or even digital collectibles which means that they can’tbe exchanged like for life.I think you already started to get the general idea. The specialthing about NFTs is that they collect some extra report other than the resources itself like itsname its hash which necessitates its unique identifier and also its owner address and all of this datais immutable which symbolizes it cannot be changed and this is thanks to the Ethereum blockchain whichNFTs are built on top of. Which makes us to the NFT’s philosophy why would you buy a 69 milliondollar NFT when you can download the jpeg file for free, well for the same reason why anyonewould buy the Mona Lisa for 850 billion dollars instead of buying a cheap copy of it if you’rewondering how these NFTs get their significances well an NFT is worth what someone is willing to payfor it which can be a lot if the NFT is just made by a famed artist and the buyer is a wealthy collectorbut NFTs aren’t a totally new phenomenon, in 2017 a virtual domesticateds game called CryptoKitties based on the blockchain Ethereum was so favourite that they clocked up thenetwork of the cryptocurrency Ether.To year, these cute online cats have already generatedsales over 40 million dollars. Numerous investors today are buying NFTs as speculative investmentshoping to flip them for a higher price than they primarily paid but many others are holdingNFTs long term collectibles, because of this, many firebrands including NBA and Formula 1have launched massive jobs centered around NFTs that can be collected or traded. Some peopleeven felt some other NFTs’ employ events like: virtual real estate properties, domain names, style, sports, permissions and certifications, and video games but after all NFTs depart waybeyond funny livings and jittery artworks, they’re an opportunity to shake up the creatoraudience dynamics and bringing the creator economy to the next level.Those developers who act onthe opportunity today can design the blueprints of the future, if you wanna be one of those, Ifound a great article about how to start making money from NFTs, I’m gonna link it to you in thedescription as well as my favorite NFT artworks, mention down below yours as well. So that was’NFTs explained in two minutes’ if you want to see more short-lived videos like this make sureto reached the like button and agree thanks for watching and I will see you in the next one! If you’re seeing this subtitle subscribe plz !!! This is’ all you need to know about NFTs’This was “all you need to know about NFTs”.