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Showing posts from September, 2022

How to Buy NFTs Non Fungible Tokens

But while it could be like a van Gogh, where there’s only one definitive actual version, it could also be like a trading card, where there’s 50 or hundreds of numbered copies of the same artwork. Also, some NFT marketplaces have a feature where you can make sure you get paid a percentage every time your NFT is sold or changes hands. That makes sure that if your work gets super popular and balloons in value, you’ll see some of that benefit. This kind of club isn’t really a new phenomenon — people have long built communities based on things they own, and now it’s happening with NFTs. It could be argued that one of the earliest NFT projects, CryptoPunks, got big thanks to its community. This is an attractive feature as artists generally do not receive future proceeds after their art is first sold. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips—some for millions of dollars. There have been cases of artists and creator