NFT Art (Coming Soon)
Non-Fungible Tokens are unique, easily verifiable digital assets. Anything that exists online can be purchased as an NFT, theoretically. An NFT is “a type of cryptographic token”, but NFTs are different from cryptocurrencies because they’re not interchangeable.
Most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin.
One reason to buy an NFT is because you think it’s valuable...and will only increase in value. And yes, you can make money off of an NFT by buying and reselling it for more.
NFT ownership is recorded on the blockchain, and that entry acts as a digital certificate of authenticity. Where is the blockchain? It’s decentralized, so it exists across many people’s computers in encrypted bits and pieces.