Ever wondered why NFTs have been on the trend these days? And why are most NFTs worth millions when exchanged into dollars from ethereum? Let me tell you why. NFT means “non-fungible token” or in basic definition. It means that NFTs couldn’t be exchanged for other things, may it be videos, music, or artwork. This is because each of the NFTs has its own unique identity. Each NFT belongs to different blockchains. The most common blockchain being the Ethereum blockchain in the Metaverse, which is the powerhouse for collecting and trading NFTs. As of the moment, 1000 ETH, (Ethereum cryptocurrency)…
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Non Fungible Tokens (NFTs) are the trend right now. Celebrities, men and women, are getting interested to dig deeper about what an NFT is. Some people considers NFTs as an investment. You can exchange it into other cryptocurrencies to fiat money or it can also be deposited to your bank accounts. Take for example, Grimes. This artist has earned about $5.8 million with one of her NFTs namely “Earth.” These NFTs depict a cherub spinning a globe, an art that was sold out in just 20 minutes. There are also other NFTs that have been a talk of the town, like…