Non-fungible token, commonly known as NFT has been making a lot of news in recent months yet only very few understood what it really means. There is a lot of information about it on the web but to most people, the idea of owning anything online seems counterintuitive and difficult to process. NTFs rely heavily on blockchain technology, the same technology that makes cryptocurrencies possible. To recap, blockchain is a decentralized method of keeping information using multiple computers (or servers). There is no one reference point for the data. Instead, any changes in the information will be reflected on all computers that keep the data. To make a long story short, it is possible to own something digitally and owners are assured of its authenticity through blockchain technology. NFTs rely on this method when buying and selling tokens.
The most popular form that NFTs take shape in is through digital art. Traditionally, digital art is almost impossible to authenticate since making copies of it is very simple. But through blockchain, digital art is made unique no matter how many times it is recreated or copied. The owner of the art – referred to here on out as NFT – owns the original copy and has the option to trade it just like how physical artwork is traded in the real world.
NFTs are relatively new and are making such a ruckus the same way that Bitcoin and Ethereum did when they first came out. A lot of people are betting that NFTs will soon takeover digital trade and have started investing heavily in it. The problem then lies in who to trust when it comes to the resources needed to navigate the new but confusing world of digital trading.
In comes The NFT Nerd, a new and exciting portal where like-minded individuals who want to get a leg up in digital trading through NFT can learn the ropes and become experts at NFT trading. The website offers a lot of information about NFT as well as cryptocurrency trading. They post interesting and invaluable articles about the ins and outs of cryptocurrency and NFT trading. Examples include “Top Metaverse Projects To Keep An Eye Out For,” and “How to Build Your Own NFT Community in 9 Steps.” One can simply scroll through their feature posts and learn everything they need about navigating the rich and exciting world of the metaverse.