What is NFT?

[yohananaomi]

For me, this is some graphic information that is drawn and must be unique and limited to buying and selling. Only for a full-fledged system in which it will be worth real money should be the system of control and respect for the rights of intelexible universities, which would not be copied and it would be illegal.

true, but it is also used to certify the ownership of an item. the most common is, nowadays NFT is indeed used to buy and sell digital art. What is purchased here is the NFT, as a sign of ownership of a work of art in digitized form.

it's still fairly new and will it last? Of course, for some who have values ​​such as games, it can be done, but I doubt if art will be digitized because people are used to real and visible forms and can be displayed. and many things that might be done, of course, need a change of perspective for this to work well.

[asyakashi]

The usual NFT price is more expensive than the tokens that are in the market. Because NFT is created limited with different variants usually only one each type. NFT is a sign of ownership of art in digital form. The price, usually determined by the creator himself at a very high price. Anyone can make an NFT and then sell it in the market if the NFT is attractive.

[MarjorieZimmermanGinger]

I have been watching the term NFT in different projects listed on uniswap but I can't figure out what actually does it mean. There's something like NFT price which is probably greater than the token price. So, what's it exactly? How it is related to the project token?

The hottest thing right now is NFT, almost everyone is talking about NFT, NFT is actually more independent than Project Defi, but many say NFT is a project that relies on hype, even though at this time I still believe NFT is much better than Project Definition, professionalism and Characteristics NFT is much different from the Defi project and many people are interested in NFT, which is a development and many advantages they offer.

[lizarder]

I have been watching the term NFT in different projects listed on uniswap but I can't figure out what actually does it mean. There's something like NFT price which is probably greater than the token price. So, what's it exactly? How it is related to the project token?

Non-Fungible Tokens represent something unique, such as some real life valuable object, asset or service, they have a clear future from every development done, and that's why many people are attracted to NFT, the concept offered is quite different from before, NFT has two things that are quite popular, first the second game is artistic value and this can be traded freely and without restrictions, not even that many rules are offered by the NFT.

[Insomnia family]

I have been watching the term NFT in different projects listed on uniswap but I can't figure out what actually does it mean. There's something like NFT price which is probably greater than the token price. So, what's it exactly? How it is related to the project token?

Non-Fungible Tokens represent something unique, such as some real life valuable object, asset or service, they have a clear future from every development done, and that's why many people are attracted to NFT, the concept offered is quite different from before, NFT has two things that are quite popular, first the second game is artistic value and this can be traded freely and without restrictions, not even that many rules are offered by the NFT.

NFT is a digital asset like crypto in general and the uniqueness of NFT has a high selling value. if I'm not mistaken the first time I heard of NFT punk on the ERC-20 network with a selling price of millions of dollars. who would have thought that just a piece of digital art could attract investment and increased market cap. The emergence of NFT-based projects has attracted public attention so far, as well as warm welcome from various circles such as artists, music producers etc.

[Kavelj22]

Non-Fungible Tokens represent something unique, such as some real life valuable object, asset or service, they have a clear future from every development done, and that's why many people are attracted to NFT, the concept offered is quite different from before, NFT has two things that are quite popular, first the second game is artistic value and this can be traded freely and without restrictions, not even that many rules are offered by the NFT.

NFT is a digital asset like crypto in general and the uniqueness of NFT has a high selling value. if I'm not mistaken the first time I heard of NFT punk on the ERC-20 network with a selling price of millions of dollars. who would have thought that just a piece of digital art could attract investment and increased market cap. The emergence of NFT-based projects has attracted public attention so far, as well as warm welcome from various circles such as artists, music producers etc.

If the market succeeded to get an expanding growth in market cap, this doesn't really mean that it attracted investors. Imagine why should anybody pay thousands of dollars (even millions) for a digital art!? There are two scenarios: One is that somebodies are using this market to wash dirty money (Money Laundering), the Second is someone or a group of people start making fake trades to deceive others who will think that those digital arts are investment opportunities.

[Insomnia family]

Non-Fungible Tokens represent something unique, such as some real life valuable object, asset or service, they have a clear future from every development done, and that's why many people are attracted to NFT, the concept offered is quite different from before, NFT has two things that are quite popular, first the second game is artistic value and this can be traded freely and without restrictions, not even that many rules are offered by the NFT.

NFT is a digital asset like crypto in general and the uniqueness of NFT has a high selling value. if I'm not mistaken the first time I heard of NFT punk on the ERC-20 network with a selling price of millions of dollars. who would have thought that just a piece of digital art could attract investment and increased market cap. The emergence of NFT-based projects has attracted public attention so far, as well as warm welcome from various circles such as artists, music producers etc.

If the market succeeded to get an expanding growth in market cap, this doesn't really mean that it attracted investors. Imagine why should anybody pay thousands of dollars (even millions) for a digital art!? There are two scenarios: One is that somebodies are using this market to wash dirty money (Money Laundering), the Second is someone or a group of people start making fake trades to deceive others who will think that those digital arts are investment opportunities.

yes, those 2 scenarios are plausible reasons. sometimes I personally still don't believe that NFT can have such a fantastic selling point, although I agree that this scenario is more of a money laundering part. but as long as we can take advantage of this trend to take profit, why not? I mean leaving after making a profit.

[K4C]

NFT are stand for Non Fungable Tokens. These tokens are basically digital assets with the great price.  They are much value able . Also people's use these for converting black money to white money.

[noah tall]

In the crypto currency market the NFT have a unique value. These are digital assets with high price. These token can be pic ,video ir song NFT.
Now a day's so many market place launch there NFT's. And they give much benefits .

[fullhdpixel]

sometimes I personally still don't believe that NFT can have such a fantastic selling point, although I agree that this scenario is more of a money laundering part. but as long as we can take advantage of this trend to take profit, why not? I mean leaving after making a profit.

Looking at the meme coin world, they are doing exactly what you are suggesting. They all know that doge or shiba or whatever memecoin they are buying have zero value, none of them believes that it should be a great coin to buy and has a great future, they all do it just because there is a hype around it and if they can take advantage of that hype to make some profit then there is nothing to worry about.

I would say that there is a good chance we could make some profit with this as well, NFT could definitely be something you do not believe in but you still invest just because you believe that people will pay more, but that is a very risky way to approach investment isn't it? To believe that you will find some fool to invest more than they should?

[Rahman11]

NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they're secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

[oemar bakrie]

Now there are many different types of tokens that have different concepts.
Previously it was just like an erc20, and now it's bscSolana nft or anything that has its own function..
.and as far as I know, nft provides an opportunity for those who have the ability in terms of art and also changes in the media so that it looks beautiful to look at because with art a change will come..

[B1-66ER]

My actual opinion...

Since I heard about NFT's in 2014. Kevin McCoy, a digital artist, minted the first-known NFT on May 3, 2014, but I guess the genesis idea of NFTs is even older Back to 2012 called "Colored Coins" which describe a method for representing real-world assets on top of the Bitcoin blockchain and can be used to prove ownership of those assets. Basically, a regular Bitcoin, but with a metadata mark on them, that determines their use.

In 2021,  99% of NFTs are just another annoying buzzword to feed scammers and speculators.

For instance.

The Ubisoft NFTs Have COMPLETELY FAILED 

https://youtu.be/Z36q407Rze0