Hey Binance Family👪

Today is the 7th day of the 10 day crypto edukathon. Lets shift attention to NFTs...

What are NFTs?

A non-fungible token is a unique digital identifier that is recorded on a blockchain, and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded according to Wikipedia..

What is the real purpose of NFTs?

NFTs allows for self-custodianship of the owner, i.e., the owner has full right of possession of the digital asset without the need for an intermediary or web server for storage, which offers great ease of use and access to these assets.

Congrats! you now have a basic knowledge of NFTs but Can you make money from NFTs?

My next post answers...