By KARAM 26 MAY 2023
NFTs are non-interchangeable digital assets that provide proof of ownership and authenticity.
NFTs allow creators to monetize their digital creations while ensuring exclusivity.
Ethereum is the foundation for most NFTs due to its support for the ERC-721 token standard.
NFTs are secured by blockchain technology, but protecting private keys is crucial.
NFT sales have skyrocketed, revolutionizing art and gaming industries.
Creators can earn royalties from subsequent NFT resales.
NFTs extend to virtual real estate, collectibles, in-game assets, and even tokenized real-world assets.
Blockchain energy consumption raises environmental concerns, but efforts for sustainability are underway.
NFTs have gained attention from celebrities, artists, and brands.
10. Mainstream Adoption