NFT for the uninitiated

NFT for the uninitiated –

Warning! Side effects include confusion, dizziness, and Inspiration

A digital artwork at Christie's auction house sold for $69m – but um… what did the buyer get?

An NFT.

So, what exactly is this “NFT” that is valued at $69M?

A Non-Fungible Token.

Um… I am still not certain what the buyer got.

Determined to get to the bottom of this, I decided to spend some time understanding the world of NFT. What is it? Why is it a rage? Why is it being touted the next big thing for Creators? After hours of reading, I am both skeptical and excited. NFT presents some exciting possibilities, but it still has some way to go before it can redefine the way we live and transact.

I will be sharing my understanding through a series of articles that address the most important questions….

· What is an NFT? When I buy an NFT, what exactly do I get?

· Why is an NFT relevant? Why is it a good time to understand the world of NFTs?

· How can I, as a creator, make money through NFTs?

· How can I “Mint” an NFT? How Do I List an NFT for purchase?

…. So, stay tuned!

Before I leave you today here are some interesting titbits to chew on before we meet again…

· Here is the art that Beeple sold for $69M. You can also check it out at Christies here

· This Video by Beeple got sold for 6.6M

· Love Cats?.... Check out Cryptokitties…ummmm NFTs

Until Next Time…

Do you want to share your thoughts on any topic? Please email us at info@vibrnz.com

Technology blog by Krishna Kamaraju

Krishna (KK) will be starting a series of blogs sharing his opinions and knowledge base about NFTs (Non Fungible Tokens). Learn, educate yourself and share your thoughts!