Topic: How do you explain NFT to a 5 years old child? (Read 313 times)
If you really mean NFT, then there should be needed an example so that a child can understand. Maximum child love to draw in their early stages. Those are value less. If you want to give those value then you can use the platform where you can give it some value in virtually. I believe someone will buy it from you and you will get the value for changing the ownership. It can be anything virtually. Drawing or painting is one of them just.
This Coindesk article is perfect to know what NFT is and what its economy is. As we know Minecraft is the most popular video adventure game since its launch in 2011. Microsoft and Enjin have created alliances to bring Cross-Platform Custom NFTs to Minecraft.
There is a good benefit for the economy, children and young people will learn about blockchain and NFT with this new feature.
NFT (Non-Fungible Tokens)
There is a good benefit for the economy, children and young people will learn about blockchain and NFT with this new feature.
NFT (Non-Fungible Tokens)
Quote
Minecraft + NFTs: How it works
On the first leg of the journey, a user embarks on a quest to explore and repair a failing international space station - the text-based part of the quest.
Upon successful completion, the user is then forwarded to a web page where they are asked to scan a QR code. The code provides an NFT that drops automatically into a user’s Enjin wallet, from there they can link their wallet to cross-platform gaming network MyMetaVerse.
https://www.google.com/amp/s/www.coindesk.com/minecraft-enjin-microsoft-nfts%3famp=1
On the first leg of the journey, a user embarks on a quest to explore and repair a failing international space station - the text-based part of the quest.
Upon successful completion, the user is then forwarded to a web page where they are asked to scan a QR code. The code provides an NFT that drops automatically into a user’s Enjin wallet, from there they can link their wallet to cross-platform gaming network MyMetaVerse.
https://www.google.com/amp/s/www.coindesk.com/minecraft-enjin-microsoft-nfts%3famp=1
Thanks for this insightful article that explains NFT integration to gaming.
They learn best if the process is fun. Introduce them to playing games like Decentraland or collecting cards on WAX.
The economy question is probably too advance for them if you ask directly. They can learn that in the process and realize the importance once they start trading the items they collected.
The economy question is probably too advance for them if you ask directly. They can learn that in the process and realize the importance once they start trading the items they collected.
How do you explain NFT to a 5 years old child?
Is this really compulsory or much needed for you to do so?
You don't have to take the question literally and tell it to a kid. You can think of explaining it to your friends who have zero knowledge about NFT as if they were five years old. ELI5Is this really compulsory or much needed for you to do so?
The best to explain NFT to a 5-years old kid is by explaining what is blockchain technology is. Once the kid has a good understanding of blockchain technology then you may give him/her an example of blockchain applications and how they work in different fields. I think the first example you should give to the kid is how bitcoin is transforming money using blockchain. After that, you may jump to Ethereum and smart-contracts, the kid must have a good understanding of smart contracts as well. Then, you may introduce the kid to Non-Fungible Token "NFT" and how digital arts are minted on the blockchain with a unique identity and limited supply.
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
Why are we doing stuff like these? Why explain it to some 5 year old, will they invest? I do not think there are many 5 years old that will invest into NFT. Which means maybe we should explain it to grown ups, and if you do not understand the proper methods that everyone else understands and you need it to be explained to you like you are five, maybe you should not invest neither?2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
I do not get why people are getting into NFT if they do not know what it is and how it works. This is why I believe people who are not sure about whats happening, should not be investing into crypto neither, there is really no reason for investing and putting money into everything. Go find bitcoin and buy some and hold it, that's more than enough most of the time, people think they need to make money quickly but bitcoin is still and has always been a great way to make money.
This Coindesk article is perfect to know what NFT is and what its economy is. As we know Minecraft is the most popular video adventure game since its launch in 2011. Microsoft and Enjin have created alliances to bring Cross-Platform Custom NFTs to Minecraft.
There is a good benefit for the economy, children and young people will learn about blockchain and NFT with this new feature.
NFT (Non-Fungible Tokens)
There is a good benefit for the economy, children and young people will learn about blockchain and NFT with this new feature.
NFT (Non-Fungible Tokens)
Quote
Minecraft + NFTs: How it works
On the first leg of the journey, a user embarks on a quest to explore and repair a failing international space station - the text-based part of the quest.
Upon successful completion, the user is then forwarded to a web page where they are asked to scan a QR code. The code provides an NFT that drops automatically into a user’s Enjin wallet, from there they can link their wallet to cross-platform gaming network MyMetaVerse.
https://www.google.com/amp/s/www.coindesk.com/minecraft-enjin-microsoft-nfts%3famp=1
On the first leg of the journey, a user embarks on a quest to explore and repair a failing international space station - the text-based part of the quest.
Upon successful completion, the user is then forwarded to a web page where they are asked to scan a QR code. The code provides an NFT that drops automatically into a user’s Enjin wallet, from there they can link their wallet to cross-platform gaming network MyMetaVerse.
https://www.google.com/amp/s/www.coindesk.com/minecraft-enjin-microsoft-nfts%3famp=1
I think explaining something like that to a 5 years old kid would be complicated. That thing won't even sink in to his brain completely, what I mean is let your child play in that early age. It's okay to introduce him to such thing but don't push him to understand it to have the benefits of having NFT.
The best thing you could do I guess is to persuade him to read books about it and let him discover it slowly by himself, and if he ask some questions about it, that's where you do your part as a parent who knows about NFT, because I think that's more productive than explaining it to him straight away.
The best thing you could do I guess is to persuade him to read books about it and let him discover it slowly by himself, and if he ask some questions about it, that's where you do your part as a parent who knows about NFT, because I think that's more productive than explaining it to him straight away.
How do you explain NFT to a 5 year old?
“Remember when you offered me $1000 for my cookie? It’s because you don’t understand what value is. NFT is like that.”
“Remember when you offered me $1000 for my cookie? It’s because you don’t understand what value is. NFT is like that.”
Blockchain technology is giving birth to some fantastic sub-industries that would forever restructure how values are transferred.
It started with money and decentralized finance (Defi) which is the tokenization and decentralization of financial business products such as loan, futures, derivatives, insurance etc.
Then, the NFT is the new wave of a blockchain application that is already gaining public acclamation and adoption.
My questions are for the benefit of every member of the forum; they are;
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
Non fungible Tokens or most commonly known as NFT to many people these days due to its hype is digital assets or tokens which are designed to represent ownership of something like artwork,games or anything you wish to sell as NFT.Non fungible means they are unique and two tokens cannot represent the same ownership.It started with money and decentralized finance (Defi) which is the tokenization and decentralization of financial business products such as loan, futures, derivatives, insurance etc.
Then, the NFT is the new wave of a blockchain application that is already gaining public acclamation and adoption.
My questions are for the benefit of every member of the forum; they are;
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
They are based on smart contract and whoever purchase NFT becomes the original owners of assest and other people can view or download the copies of that particular artwork or any other assest the digital ownership is represented by NFT.
It does not benefit the economy as whole but only the seller who is entering into smart contarct to sell his artwork,share,games or anything digitally in the form of NFT.
It's like a paperwork signed by the real owner when you try to explain in the old ways.
Things like guitars being pawned/sell which is owned by known artists needs that verification and signature.
Then, some professional will come over to check the authenticity.
Same goes with NFT's but this times it gives chance to artists to create their own and seal it with NFT's.
This time NFT will be the authenticator. Say goodbye to middlemen and paying professionals.
Things like guitars being pawned/sell which is owned by known artists needs that verification and signature.
Then, some professional will come over to check the authenticity.
Same goes with NFT's but this times it gives chance to artists to create their own and seal it with NFT's.
This time NFT will be the authenticator. Say goodbye to middlemen and paying professionals.
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
The principle of NFT is having an asset in blockchain which makes it valuable and i was expecting this to be included in the bitcoin blockchain rather than having hundred of different platforms. I am not following the entire development but i would like to see Bitcoin cash which included the simple ledger Protocol which supports non fungible token.
I think that if you make the explanation relatable to their environment then it will be easy, I mean you can't just explain the most simplest of terms of NFT to a 5 year old child, I mean that is a 5 year old child, do you think the child will understand the word fungible is? Maybe explain through analogies or something similar like explaining to them that NFT are like pictures that you sell on the computer and you will wait for someone to buy it because they like it.
1. What is the meaning of NFT in your opinion and in simple terms? - in simple terms nft is an item that can be sold .
2. How does NFT work? - like i said above , you can think of an item and sold it for cash .
3. How does it benefit the economy? - nft can benefit the economy if the nft owner decide to sell his nft to help the people in need or also he can use the money in anything that will help the economy like paying his unsettled tax , etc ..
most of us adults hardly understand if what is nft's and you ask us how to explain it to kids but what are they going to do after that .
2. How does NFT work? - like i said above , you can think of an item and sold it for cash .
3. How does it benefit the economy? - nft can benefit the economy if the nft owner decide to sell his nft to help the people in need or also he can use the money in anything that will help the economy like paying his unsettled tax , etc ..
most of us adults hardly understand if what is nft's and you ask us how to explain it to kids but what are they going to do after that .
Most kids nowadays learn more when you either let them experience or do things themselves, or when it is videogame-related. So you can explain it to a kid in a way that would incorporate these two factors. I personally like to think that telling the kid that NFTs are just like Roblox Items or Skins in Fortnite that can be bought or sold to other people is the best way to explain it to a kid. Of course you'll avoid the technical mumbo jumbo because duh, that's a 5-year-old kid we're talking about.
I think 5 year olds still have too much difficulty understanding NFT tokens, they are more interested in online games. I said that because
I do have a 5 year old child, after all introducing the world of crypto to 5 year olds is too fast in my opinion. The appropriate age is given
knowledge of the crypto world of around 12 years, which is mature enough to understand cryptocurrency. Regarding NFT tokens in the crypto
industry, it is only to make profit as well as other tokens. Therefore, in my opinion, NFT tokens will only be used for pump and dump.
That depends on the kid, you said yourself that kids focus more on videogames, why not incorporate that when explaining? It shouldn't be that hard. I do have a 5 year old child, after all introducing the world of crypto to 5 year olds is too fast in my opinion. The appropriate age is given
knowledge of the crypto world of around 12 years, which is mature enough to understand cryptocurrency. Regarding NFT tokens in the crypto
industry, it is only to make profit as well as other tokens. Therefore, in my opinion, NFT tokens will only be used for pump and dump.
I think 5 year olds still have too much difficulty understanding NFT tokens, they are more interested in online games. I said that because
I do have a 5 year old child, after all introducing the world of crypto to 5 year olds is too fast in my opinion. The appropriate age is given
knowledge of the crypto world of around 12 years, which is mature enough to understand cryptocurrency. Regarding NFT tokens in the crypto
industry, it is only to make profit as well as other tokens. Therefore, in my opinion, NFT tokens will only be used for pump and dump.
I do have a 5 year old child, after all introducing the world of crypto to 5 year olds is too fast in my opinion. The appropriate age is given
knowledge of the crypto world of around 12 years, which is mature enough to understand cryptocurrency. Regarding NFT tokens in the crypto
industry, it is only to make profit as well as other tokens. Therefore, in my opinion, NFT tokens will only be used for pump and dump.
How do you explain NFT to a 5 years old child?
Is this really compulsory or much needed for you to do so?
Children on age like this shouldnt really be getting involved on any tech or investment or whatsoever.Even if you do explain on the most basic way or generic
but still they wouldnt really be still having question mark into their heads.
There's no point for you to explain to them at this early age.What for?
Is this really compulsory or much needed for you to do so?
Children on age like this shouldnt really be getting involved on any tech or investment or whatsoever.Even if you do explain on the most basic way or generic
but still they wouldnt really be still having question mark into their heads.
There's no point for you to explain to them at this early age.What for?
Yes, 5-year old kid is too early to introduce this kind of concept. However, if the situation needs to present it to him or her, just compare it to his/her artwork that people want to buy but in digital form. And once it is bought from him/her, the ownership is not his or hers anymore but to the buyer. And at a young age, he/she will understand how to earn income from simple digital artworks.
[...]
1. Fungibility means something that is interchangeable. Something that isn't distinguishable. On other hand, nonfungible goods are not interchangeable. Lets say I lend you my car and after few you days you have to return my car. A car that belongs to me. A car that is signed under my name. It won't work if you return me a different car or a car of the same model. You have to return the car that I own. Here the car is Non Fungible. Similarly, NFTs are interchangeable. 2. Right now people are using Non fungible tokens to sell things like their records, arts and tweets. Those arts or "assets" are somehow tied to those tokens which will help people to verify the original ownership.
3. Meh. Not sure if it benefits the economy in anyway.
Thats a good explanation. I really thought I will find answer in this thread after it was opened up. Umm, it dosn't seem technical explanation to me. The technical explnataion means, how do you create this so called NF token. Do I need to publish this token overtime I would go publish my artwork over the social media's?
[...]
Thats cool. So it is like digital patent for your "thing", can it be called in that way? A patent stuff? Could you please divert me to the article which explains everything in deep so that if I want to NFT something then it will direct me that way. I am making lot of pencil arts and some of them are very unique. They are such unique piece of arts but once you publish them on the net, you will see people copying it and selling at lower prices, like with generic standards. That's not acceptable to me when the art is your huge dream and you want to see it dream bidding for you!
If anyone could just focus on the quoted text and explain something about it, that would be amazing. Like quick guide or something.
How do you explain NFT to a 5 years old child?
Is this really compulsory or much needed for you to do so?
Children on age like this shouldnt really be getting involved on any tech or investment or whatsoever.Even if you do explain on the most basic way or generic
but still they wouldnt really be still having question mark into their heads.
There's no point for you to explain to them at this early age.What for?
Is this really compulsory or much needed for you to do so?
Children on age like this shouldnt really be getting involved on any tech or investment or whatsoever.Even if you do explain on the most basic way or generic
but still they wouldnt really be still having question mark into their heads.
There's no point for you to explain to them at this early age.What for?
Blockchain technology is giving birth to some fantastic sub-industries that would forever restructure how values are transferred.
It started with money and decentralized finance (Defi) which is the tokenization and decentralization of financial business products such as loan, futures, derivatives, insurance etc.
Then, the NFT is the new wave of a blockchain application that is already gaining public acclamation and adoption.
My questions are for the benefit of every member of the forum; they are;
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
1. Fungibility means something that is interchangeable. Something that isn't distinguishable. On other hand, nonfungible goods are not interchangeable. Lets say I lend you my car and after few you days you have to return my car. A car that belongs to me. A car that is signed under my name. It won't work if you return me a different car or a car of the same model. You have to return the car that I own. Here the car is Non Fungible. Similarly, NFTs are interchangeable. It started with money and decentralized finance (Defi) which is the tokenization and decentralization of financial business products such as loan, futures, derivatives, insurance etc.
Then, the NFT is the new wave of a blockchain application that is already gaining public acclamation and adoption.
My questions are for the benefit of every member of the forum; they are;
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
2. Right now people are using Non fungible tokens to sell things like their records, arts and tweets. Those arts or "assets" are somehow tied to those tokens which will help people to verify the original ownership.
3. Meh. Not sure if it benefits the economy in anyway.
My questions are for the benefit of every member of the forum; they are;
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
You have a painting in your room, it is yours, if you want it you can keep it forever, if you want to you can give it to someone else. NFT is painting on your computer, it is yours, if you want it you can keep it forever, if you want you can give it to someone else. That's it, is there anything that should be different?1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
I mean we are talking about something that would be as simple as a five year old could understand while still giving the most important facts about it. Sure you can talk about the blockchain and how it creates a code that you know who owns that NFT and bla bla bla many hours but let's face it, kids are not that smart and they do not have attention span like adults do, so at the end of the day explaining it like how it is a very simple thing to them would be actually a better decision, hence my two sentence explanation is a lot better.
If you mean NFT (Non Fungible Token). For example, you have a digital painting that worth's nothing and that later have hundreds to thousands of copies, but yours is tokenized, which makes it is the original and the real one while others are worthless. Because of hype, people will bid for it, and the highest bidder will buy it, and the token will be released for him, so it is based on smart contract. That is just an example, also very possible NFT smart contract can have many tokens but all the tokens will be unique. NFTs are not only about digital paintings but about anything virtual but in damand.
Thats cool. So it is like digital patent for your "thing", can it be called in that way? A patent stuff? Could you please divert me to the article which explains everything in deep so that if I want to NFT something then it will direct me that way. I am making lot of pencil arts and some of them are very unique. They are such unique piece of arts but once you publish them on the net, you will see people copying it and selling at lower prices, like with generic standards. That's not acceptable to me when the art is your huge dream and you want to see it dream bidding for you!
A 5-year-old child should only learn to toilet in the right place, eat properly and obey adults to grow up naturally and healthy. They don't need to know too much about technology. Let them grow a little bit more and evoke them both blockchain technology and NFT.
NFT is the post-bitcoin craze and it's pervasive in all the papers so a person who doesn't understand the NFT can read through them even though the pages are not entirely correct, they just report the news.
NFT is the post-bitcoin craze and it's pervasive in all the papers so a person who doesn't understand the NFT can read through them even though the pages are not entirely correct, they just report the news.
1. What is the meaning of NFT in your opinion and in simple terms?
Each token is unique, just like individuals.2. How does NFT work?
Currently, none is working properly.3. How does it benefit the economy?
Let's say you create a digital asset (picture or whatever) and want to sell it including the copyright you can do it. It then mimics real-world assets where you can do anything with it, including resell it or destroy it if you own it. 
What are you trying to aim why you introduce it to him? do you want him to play or want to create arts and sell it? Or you want to achieve something that's why you introduce it to him?.
And if you ask me I will not introduce him anything that can make him stress since its good for children to play on outside world and discover physical things rather than teaching them how to became a lone people hiding in the net. But if you think your child have a special talent in art then maybe introduce it as if you are playing with drawing tools since this on will possibly caught the attention of kids out there.
And if you ask me I will not introduce him anything that can make him stress since its good for children to play on outside world and discover physical things rather than teaching them how to became a lone people hiding in the net. But if you think your child have a special talent in art then maybe introduce it as if you are playing with drawing tools since this on will possibly caught the attention of kids out there.
Personally, I'd let him draw something on a piece of paper, probably his favorite cartoon character, or whatever really. And then I'll let him take a picture of it, and ask people how much will they pay for the pic itself. Most kids right now, learn more through experience rather than verbal or visual materials. So to actually be hands-on teaching them the basics of how NFT works is sufficient enough. This could even be their gateway into art, coz as we all know money is the main driving force that inspires this world to spin.
1. Digital art, anything that has been made digitally with a price.
2. It works as if you are the only owner unless the maker creates other copies.
3. The value of it that is convertible to cash which can be hundreds to thousands ans millions.
2. It works as if you are the only owner unless the maker creates other copies.
3. The value of it that is convertible to cash which can be hundreds to thousands ans millions.
Currently researching about it in order to find a more universal, suitable, acceptable and safe way to explain it to even a child. I'm particularly more focus on its other use-cases that are not necessarily art. I noticed that NFT could make physical and useful assets really expensive, and could even encourage greed. I think you could create a better model that wouldn't make things worth more than they should.
NFT tokens (non-fungible token) have added a layer of transparency to the paintings and valuable pieces that were in the jungle considered an entry point for money laundering and suspicious deals whose have unknown ownership, but it does not mean that all tokens have a future.
What is happening in the market is an industry of pumping/dumping model just as happened with ICOs,IEOs,...etc.
the only difference is that NFT tokens have value and are not speculative tools.
As for how to explain it to a child, it is easy to tell about the sale of his individual ownership of a digital asset, but we are still far from the rest of the real assets.
A future that will create the kind of organization that is necessary, either with government approval or POW/POS approval
What is happening in the market is an industry of pumping/dumping model just as happened with ICOs,IEOs,...etc.
the only difference is that NFT tokens have value and are not speculative tools.
As for how to explain it to a child, it is easy to tell about the sale of his individual ownership of a digital asset, but we are still far from the rest of the real assets.
A future that will create the kind of organization that is necessary, either with government approval or POW/POS approval
It is pretty easy to explain to a child since most of them knows a bit about technology, you just have to tell them that NFTs are a token that anyone can make on the Internet and sell it to other people or make them immersed like telling them that they create a drawing and that drawing will be sold to other people and you will get money from that art.
Since what is asked is how to explain an NFT to a 5-year old, I wouldn't even care to explain what a non-fungible token is. I would just tell the child that an NFT is just a proof that you are the owner of something. For example, he/she owns the drawing that he/she submitted to his/her favorite teacher. In order to prove that he/she owns it, there is a sort of a certificate or a title of ownership attached to it which says the drawing belongs to him/her.
I guess that's good enough explanation for a 5-year old to understand what an NFT is. Never mind how NFTs benefit the economy. A 5-year old doesn't care about it.
I guess that's good enough explanation for a 5-year old to understand what an NFT is. Never mind how NFTs benefit the economy. A 5-year old doesn't care about it.
I'm just wondering if those nft are required to be connected on blockchain based on its description as being a non fungible token. As i can see it, the trend for nft is becoming huge and more people who don't even related to cryptocurrency started to get confuse and curious with this. But in my opinion, nft are gonna be a huge hype that will also pass time like some that indeed made hype before. Yes design and art are really cool but the drive motion of these nft projects are the one whom we should see if can constantly stay alive on the market for a long time.
Nft (non-fungible token) is a crytographic token that usually present something unique and has characteristics that differentiates it from one another .It can be anything digital like drawings and music.
There can represent digital files such as art, audio, videos, items in video games and other forms of creative work
There can represent digital files such as art, audio, videos, items in video games and other forms of creative work
Well in that case it looks like it might be a good way to get actual artists to be seen and not people randomly endorced by larger firms (I think I saw something on that in the US that a few companies control what art is considered desirible).
It may also have a long term impact of making the population of the economy a bit more equal on certain aspects as a lot of people can make art (and those who can't can still make memes to sell
). And larger companies will be a bit clunky/inefficient catching on to it.
I think for other assets to be added, we'll need to see a move away from nfts or nft ownership being dictated by erc20 for higher value items (so people can own a "share"of them.instead). 30 acres of land in northwestern Europe can cost around $1M+.and if these ever get sold as nfts then they probably turn out problematic (although an income of $70k-$120k can probably be received from the investor(a) via the same contract).
It may also have a long term impact of making the population of the economy a bit more equal on certain aspects as a lot of people can make art (and those who can't can still make memes to sell
). And larger companies will be a bit clunky/inefficient catching on to it. I think for other assets to be added, we'll need to see a move away from nfts or nft ownership being dictated by erc20 for higher value items (so people can own a "share"of them.instead). 30 acres of land in northwestern Europe can cost around $1M+.and if these ever get sold as nfts then they probably turn out problematic (although an income of $70k-$120k can probably be received from the investor(a) via the same contract).
If you mean NFT (Non Fungible Token). For example, you have a digital painting that worth's nothing and that later have hundreds to thousands of copies, but yours is tokenized, which makes it is the original and the real one while others are worthless. Because of hype, people will bid for it, and the highest bidder will buy it, and the token will be released for him, so it is based on smart contract. That is just an example, also very possible NFT smart contract can have many tokens but all the tokens will be unique. NFTs are not only about digital paintings but about anything virtual but in damand.
Do you mean nft? As in a token you can buy to own something on the blockchain?
There are nfts of artwork for example?
And etf is an old concept from stock trading.
There are nfts of artwork for example?
And etf is an old concept from stock trading.
Am sorry for not noticing the mistake. I meant NFT and not ETF
Do you mean nft? As in a token you can buy to own something on the blockchain?
There are nfts of artwork for example?
And etf is an old concept from stock trading.
There are nfts of artwork for example?
And etf is an old concept from stock trading.
funny thread, Op basically exchanged NFT for ETF... how hilarious.Op, can you please update the thread title and the original post? That way your post would still make sense, otherwise it might get deleted.
hurry up
Do you mean nft? As in a token you can buy to own something on the blockchain?
There are nfts of artwork for example?
And etf is an old concept from stock trading.
There are nfts of artwork for example?
And etf is an old concept from stock trading.
Blockchain technology is giving birth to some fantastic sub-industries that would forever restructure how values are transferred.
It started with money and decentralized finance (Defi) which is the tokenization and decentralization of financial business products such as loan, futures, derivatives, insurance etc.
Then, the NFT is the new wave of a blockchain application that is already gaining public acclamation and adoption.
My questions are for the benefit of every member of the forum; they are;
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
It started with money and decentralized finance (Defi) which is the tokenization and decentralization of financial business products such as loan, futures, derivatives, insurance etc.
Then, the NFT is the new wave of a blockchain application that is already gaining public acclamation and adoption.
My questions are for the benefit of every member of the forum; they are;
1. What is the meaning of NFT in your opinion and in simple terms?
2. How does NFT work?
3. How does it benefit the economy?
To me, NFT is the application of technology to make an asset (land, art work, content) unique and valuable by giving the owner the sole right of ownership.
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