Everydays: The First 5,000 Days.
The first NFT caught the attention of the average Joe and Joannes. Created by the famous “Beeple”, it was sold for 69.3 million dollars.
Like a shepherd who leads the herd, the market blindly follows the present trends. Ten years ago, bitcoin and cryptocurrency were hot topics, and now the torch has been passed to NFTs.
NFTs or Non-fungible tokens have become the buzzword for the tech world, and the best part is that it’s still in its early stages. NFTs have been around us since 2014, but 2021 was the year that changed it all. The novel technology broke into the mainstream breaking the art and tech world in a single swoop.
Even with its high popularity amidst the tech community, many are still vague about the technicalities involved in creating an NFT.
To simplify all that into a nutshell and save you from the torture of going through hundreds of blogs and articles, we give you this infographic that has all the information you need to get a basic understanding of non-fungible tokens.
Takeaway
The scope and opportunities of NFTs are being explored as we speak; the boundaries of human imagination are what limits the growth of the NFT sector.
Are NFTs a bubble, just like a bitcoin?
Yes, they are. But how much the bubble can grow before it breaks is what makes it a good investment opportunity. And it has been hardly a year since its popularity, so it is actually in its initial stages where we don’t know what it can grow to be.
Take what you have learned from this infographic and try to get a piece of that action, better a slight investment loss than a sorry.
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