How do you explain NFT to a 5 years old child?

[Quidat]

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?

[so98nn]

[...]

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.

[Twinkledoe]

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?

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.

[Shasha80]

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.

[CarnagexD]

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.

[shoreno]

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 .

[Kong Hey Pakboy]

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.

[7788bitcoin]

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.

[danherbias07]

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.

[aysg76]

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.

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.

[jaysabi]

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.”

[AicecreaME]

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.

[verita1]

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)

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

[TheGreatPython]

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?

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.

[WatchMaker]

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.   

[Yogee]

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.

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. ELI5

[Wenbing]

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)

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

Thanks for this insightful article that explains NFT integration to gaming.

[Swopon]

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.