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NFT'S  2022 GUIDE

NFT'S or Non Fungible Tokens went mainstream when Beeple's EveryDays sold for $69 million last year. This sale validated NFT'S as an asset and acted as a huge global marketing campaign for NFT'S and the larger Crypto world.

 

NFT stands for Non Fungible Token, and are a new form of digital asset that works with the BlockChain. A non fungible item is something that cannot be exchanged for something similar, as it is unique.

 

Nft's are unique cryptographic tokens that are based on a blockchain. To create an NFT, an artist would first have to mint their digital artwork. The minting process has a cost involved and takes up time and energy to complete the process. The main part of the minting process is encoding the meta data, which would include ownership data, smart contracts and other valuable data.

 

The creation of nft's and the Beeple auction was just the start of the digital asset revolution and market. There are new innovations and use cases around nft's that are being developed that will transform wealth creation.

What are NFT'S

Beeple auction by Christee's

Gary Vee's nft's