THE BASICS: WHAT IS NFT ART?
First we understand what an NFT is. It does stand for Non Fungible Token and by token it’s like a coin, yet 1 of a kind. There are no others… its Non- FUNGIBLE, non replaceable — 1 of a kind. Each NFT has a meta tag attached to it (long set of letters and numbers) registered on a blockchain. These NFT’s reside not exclusively on one blockchain, but on a multitude of them, but unpacking that universe is entirely another article. If there is only 1 of anything, it can be an NFT. We are going to talk about NFT “Art” which is just 1 of many things that could be a NFT, but has served as a means to educate the masses on what NFTs are and how essential they will be in the future for creating a receipt of ownership as the blockchain keeps a ledger which connects that item to you and your digital wallet. Take the deed to your home or the title to your vehicle… These can be NFTs as they are 1 of a kind and the blockchain can hold the information that connects your ownership to that home, land or car.
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