NFT Blueprint - Cryptocurrency Investing for Beginners: Non Fungible Tokens Explained, The Blockchain Technology Behind Them & How NFTs Work With Bitcoin, Ethereum & Altcoins Audiobook Download by Freedom Economics Publications
In the world of cryptocurrency, non-fungible tokens can be found in a number of places. These tokens are more valuable than fungible tokens because they cannot be replaced by another unit. For example, look at something like Facebook shares - each share is worth the same amount but one share cannot be exchanged for two different shares. A non-fungible token can also exist as a digital item that can be traded and bought and sold on various markets such as game items, collectibles, and much more.
It is a new era of investing which has been perfectly defined by the popularity of cryptocurrencies. These digital assets, which are created and traded on decentralized Blockchain platforms, have exploded in value over the past few years, with Bitcoin's market capitalization recently reaching US$250 billion. For many people looking to get involved in cryptocurrency investing, they might be asking themselves what types of assets exist that can be bought or sold on these platforms? The answer is non-fungible tokens (NFTs). NFTs are similar to both crypto coins and securities such as stocks and commodities. They allow for these assets to be bought and sold on the Blockchain.
Non Fungible Tokens: These are digital tokens designed to execute a piece of software or some other kind of value. This is a practice that began in video game development, but as blockchain technology has evolved, the design has caught on with many different industries and NFTs have even been given their own cryptocurrency trading market called Aragon's NonFungible Token Exchange (now known as ANT).
Non-Fungible Tokens, or "NFTs" are the most powerful piece of technology in the cryptocurrency world. Unlike other cryptocurrencies that have a single blockchain and algorithm, NFTs have their own decentralized blockchain and protocol. This means that there's no risk of your tokens being stolen by hackers and it also allows for instant transfers between users without needing to go through a centralized intermediary.
Non fungible tokens are what could be the next big thing in cryptocurrency investing. They represent physical assets that cannot be divided, unlike traditional cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. This audiobook will help you understand exactly what they are and how they work so you can get in on the ground floor of this new technology.
The Non-Fungible Token (NFT) is a digital asset made of the Ethereum blockchain that functions as cryptocollectible on decentralized networks. NFTs are digital tokens that cannot be replicated, meaning they can’t be manipulated or copied. All cryptocurrencies have a value, but NFTs allow for a new type of token to be created that has a unique use case.
Published Date | 2021-12-28 |
Duration | 5 hours 51 minutes |
Author | Freedom Economics Publications |
Narrated | Tom Brooks |
Reviews | |
Abridged | No |
Is It Free? | No |
Category | Business & Economics |
Parent Category | Accounting & Finance, Personal Finance |