NFT Explained In 5 Minutes | What Is NFT? - Non Fungible Token | NFT Crypto Explained | Simplilearn
This video on "What is NFT" covers all the important concepts of NFTs like What are NFTs?, What are Non-Fungible Tokens, how do NFTs work, how are NFTs different from other cryptocurrencies working in the same Blockchain Technology, how NFT became so popular and what future NFTs hold for the world's economic system. Don't forget to take the quiz at 03:47! 00:00 What are NFTs? 01:39 How do NFTs work? 02:09 How are NFTs different from other cryptocurrencies like Ethereum and Bitcoin? 03:05 How did NFTs become so popular? 04:05 Future of NFTs 🔥Enrol for Free Blockchain Course & Get Your Completion Certificate: https://ift.tt/3E3z2PS ✅Subscribe to our Channel to learn more about the top Technologies: https://bit.ly/2VT4WtH ⏩ Check out the Blockchain training videos: https://www.youtube.com/watch?v=yubzJw0uiE4&list=PLEiEAq2VkUUKmhU6SO2P73pTdMZnHOsDB #NFT #WhatIsNFT #NFTExplained #NFTCryptoExplained #NFTCryptoForBeginners #NonFungibleTokens #WhatAreNonFungibleTokens #NonFungibleTokensExplained #NonFungibleTokensExplainedSimply #NFTExplanation #Simplilearn What is NFT? - Non-Fungible Token NFTs turn your digital assets into ""one of a kind"" by creating a unique digital signature that defines the ownership of your assets and that can be bought and sold for real money, cryptocurrency or any other asset like a ""non-fungible token"" aka NFT. NFT basically creates a blockchain-based digital certificate for your digital collectables, including games, music, art, and many more. This certificate gives your artwork a unique identity. The Underlying technology and the programming language used by NFTs are the same as other cryptocurrencies ie. Blockchain and the programming language Ethash or Scrypt. On the other hand, NFT is a unique token; therefore, if you try to trade it, you may end up with something completely different in your hands. Cryptopunks is a remarkable example of NFT, it enables you to buy, sell and store 10,000 collectables with the proof-of-ownership being stored on the Ethereum Blockchain. NFT has proved itself to be a boon in the lives of many others - like Jack Dorsey, the CEO and co-founder of Twitter with his very first and famous tweet, "just setting up my twitter," and Vignesh Sundaresan, famously known as "Metakovan," who bought 69.3 million dollars worth of NFT art on Beeple. Owing to its increasing popularity, people are now willing to pay hundreds of thousands of dollars for NFTs. NFT has enhanced media exposure and special perks for aspiring artists on social media. This popularity of NFT creates new opportunities for new art platforms, motivating people to buy art from internet platforms and promoting copyright or originality of digital assets. Many experts in the crypto industry say that around 40% of new crypto users will use NFTs as their entry point. As a result of its growing popularity, NFT could represent a more significant part of the digital economy in the future. To know about cryptocurrency and Blockchain, visit: https://ift.tt/32tJAtC About Simplilearn Blockchain Certification Training: Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. Why learn Blockchain? Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc. 🔥Enroll for Free Blockchain Course & Get Your Completion Certificate: https://ift.tt/3E3z2PS For more updates on courses and tips follow us on: - Facebook: https://ift.tt/1qm5Oyf - Twitter: https://twitter.com/simplilearn - LinkedIn: https://ift.tt/2tZ2rJd - Website: https://ift.tt/2e6SH5g - Instagram: https://ift.tt/2MWUxN1 - Telegram Mobile: https://ift.tt/2Z3UwJo - Telegram Desktop: https://ift.tt/371HLnf Get the Simplilearn app: https://ift.tt/34jAL39
via YouTube https://www.youtube.com/watch?v=NNQLJcJEzv0
This video on "What is NFT" covers all the important concepts of NFTs like What are NFTs?, What are Non-Fungible Tokens, how do NFTs work, how are NFTs different from other cryptocurrencies working in the same Blockchain Technology, how NFT became so popular and what future NFTs hold for the world's economic system. Don't forget to take the quiz at 03:47! 00:00 What are NFTs? 01:39 How do NFTs work? 02:09 How are NFTs different from other cryptocurrencies like Ethereum and Bitcoin? 03:05 How did NFTs become so popular? 04:05 Future of NFTs 🔥Enrol for Free Blockchain Course & Get Your Completion Certificate: https://ift.tt/3E3z2PS ✅Subscribe to our Channel to learn more about the top Technologies: https://bit.ly/2VT4WtH ⏩ Check out the Blockchain training videos: https://www.youtube.com/watch?v=yubzJw0uiE4&list=PLEiEAq2VkUUKmhU6SO2P73pTdMZnHOsDB #NFT #WhatIsNFT #NFTExplained #NFTCryptoExplained #NFTCryptoForBeginners #NonFungibleTokens #WhatAreNonFungibleTokens #NonFungibleTokensExplained #NonFungibleTokensExplainedSimply #NFTExplanation #Simplilearn What is NFT? - Non-Fungible Token NFTs turn your digital assets into ""one of a kind"" by creating a unique digital signature that defines the ownership of your assets and that can be bought and sold for real money, cryptocurrency or any other asset like a ""non-fungible token"" aka NFT. NFT basically creates a blockchain-based digital certificate for your digital collectables, including games, music, art, and many more. This certificate gives your artwork a unique identity. The Underlying technology and the programming language used by NFTs are the same as other cryptocurrencies ie. Blockchain and the programming language Ethash or Scrypt. On the other hand, NFT is a unique token; therefore, if you try to trade it, you may end up with something completely different in your hands. Cryptopunks is a remarkable example of NFT, it enables you to buy, sell and store 10,000 collectables with the proof-of-ownership being stored on the Ethereum Blockchain. NFT has proved itself to be a boon in the lives of many others - like Jack Dorsey, the CEO and co-founder of Twitter with his very first and famous tweet, "just setting up my twitter," and Vignesh Sundaresan, famously known as "Metakovan," who bought 69.3 million dollars worth of NFT art on Beeple. Owing to its increasing popularity, people are now willing to pay hundreds of thousands of dollars for NFTs. NFT has enhanced media exposure and special perks for aspiring artists on social media. This popularity of NFT creates new opportunities for new art platforms, motivating people to buy art from internet platforms and promoting copyright or originality of digital assets. Many experts in the crypto industry say that around 40% of new crypto users will use NFTs as their entry point. As a result of its growing popularity, NFT could represent a more significant part of the digital economy in the future. To know about cryptocurrency and Blockchain, visit: https://ift.tt/32tJAtC About Simplilearn Blockchain Certification Training: Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. Why learn Blockchain? Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc. 🔥Enroll for Free Blockchain Course & Get Your Completion Certificate: https://ift.tt/3E3z2PS For more updates on courses and tips follow us on: - Facebook: https://ift.tt/1qm5Oyf - Twitter: https://twitter.com/simplilearn - LinkedIn: https://ift.tt/2tZ2rJd - Website: https://ift.tt/2e6SH5g - Instagram: https://ift.tt/2MWUxN1 - Telegram Mobile: https://ift.tt/2Z3UwJo - Telegram Desktop: https://ift.tt/371HLnf Get the Simplilearn app: https://ift.tt/34jAL39
via YouTube https://www.youtube.com/watch?v=NNQLJcJEzv0
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