What is a NFT and How Can I Make Money With NFT and Defi?

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You may be new to blockchain and crypto, or you may have been in crypto for years at this point - but you in both cases - you probably are just now learning about NFTs.

This will be a guide that is ever living/changing to help introduce NFTs, what gives them value and how you can get started in the NFT space.

What exactly is a Non-Fungible Token or NFT?

A non-fungible token NFT is a unique, individual token existing on a blockchain such as Ethereum. Unlike cryptocurrencies like bitcoin, each NFT token contains unique data meaning non-fungible tokens are not interchangeable with each other. This non-fungible nature of the tokens means their use cases differ greatly from their fungible counterparts.

A normal token can be exchanged for the same type of token equally without any difference.

A good example is a dollar - if you and I both have a dollar — we can swap dollars and it doesn’t matter, neither of us lose out they are equal. Whereas, with non-fungible tokens they are both unique, meaning if we both have an NFT, mine could be a baseball card, and yours could be your Birth Certificate obviously we cannot exchange these two equally. Therefore making our tokens non-fungible.

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#metamask​ #defi​ #Ethereum​ #bsc​ #dapps​ #guide​