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NFTs are selling for millions of dollars – here’s everything you need to know about them

Get informed and dive into the latest trend of NFTs. Learn more about the basics of NFTs in the infographic below.

basics of NFTs
Image: Expensitiviy

Nobody wants to feel like they are uninformed, but let’s face it: the world of crypto and blockchain seems a bit confusing to the novice. Now take into account the latest trend that’s been all the rage: NFTs. 

What exactly are NFTs? Non-fungible tokens are digital art and collectibles on the blockchain, and some have been selling for impressive amounts of money.

For instance, “EVERYDAYS: The First 5000 Days,” the first purely digital work of art ever offered by a major auction house from artist Beeple sold for a whopping $69 million. And you don’t have to be an artist in the traditional sense to mint an NFT. Jack Dorsey, the co-founder of Twitter, sold an NFT of his first tweet for a solid $3 million.

Get informed and dive into the latest trend of NFTs. Know what to look out for in terms of scams and see where major deals are happening in places such as OpenSea. Learn more about the basics of NFTs in the infographic below:

Image: Expensivity

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