Some friends have asked me about this privately, so let me explain it in plain English.
NFT stands for Non-Fungible Token. Each token has a unique ID, so tokens aren’t directly interchangeable.
An NFT records which address the token belongs to. It doesn’t mean you own the copyright to the work; what you’re allowed to do depends on the permissions granted by the project.
Minting and trading NFTs on Ethereum requires $ETH to pay gas fees. Currently, 2227.49.
If you know anyone who’s just getting into the space, feel free to share this with them.
Please do your own research before placing an order.
NFT stands for Non-Fungible Token. Each token has a unique ID, so tokens aren’t directly interchangeable.
An NFT records which address the token belongs to. It doesn’t mean you own the copyright to the work; what you’re allowed to do depends on the permissions granted by the project.
Minting and trading NFTs on Ethereum requires $ETH to pay gas fees. Currently, 2227.49.
If you know anyone who’s just getting into the space, feel free to share this with them.
Please do your own research before placing an order.