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Showing posts from September, 2022

What is NFT and How Does NFT Work? Everything You Need to Know

But we have seen big brands and celebrities like Marvel and Wayne Gretzky launch their own NFTs, which seem to be aimed at more traditional collectors, rather than crypto-enthusiasts. It would be hilarious if Logan Paul decided to sell 50 more NFTs of the exact same video. NFTs can work like any other speculative asset, where you buy it and hope that the value of it goes up one day, so you can sell it for a profit. Sales have absolutely slumped since their peak, though like with seemingly everything in crypto there’s always somebody declaring it over and done with right before a big spike. Absolutely not, but I’m sure there are plenty of folks in NFT-based communities that are sure they’re still on the gravy train. The founder of Twitter sold one for just under $3 million shortly after we originally posted this article. To be successful there may need to be unified protocols and interoperability. Because crypto tokens and digital currencies are gaining momentum, investors are more o