Tag: Non-fungible token

NFTs and even some worth Millions, Why?
Business

NFTs and even some worth Millions, Why?

With NFTs, Artwork can be "tokenized" to create a digital certificate of ownership that can be bought and sold. Do they really deserve to be worth Millions? Let's discuss. NFTs NFTs are Non-Fungible Tokens. At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency like bitcoin, dogecoin, Floki, etc. A few years ago no one has even thought of a little that CryptoCurrency will boom like this. Nowadays people are shifting towards cryptocurrency, towards digital currency. People think it is better and safer than paper money. With money, you can swap a $10 note for two $5 notes and it will have the same value. However, if something is non-fungible, this is impossible - it means it has unique properties so it can't be interchanged with somethin...