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As we progress further into the digital age, new terms and technologies seem to pop up
everywhere. The latest of these is "NFTs" or non-fungible tokens. If something is fungible, it means
that it is able to be replaced by an item of identical value, such as currency. Therefore, a
non-fungible token cannot be interchanged; it is unique. NFTs are linked to the blockchain-the
digital database that supports online cryptocurrencies like Bitcoin and Ethereum. Let's take a deeper
look at NFTs and how people can buy, sell, and trade them.
In simple terms, NFTs are one-of-a-kind digital works of art. They can take the form of GIFs,
tweets, virtual trading cards, images of physical objects, and more. NFTs tend to attract investors
who believe in the future of blockchain technology, and who are willing to spend top dollar to
obtain a new form of digital currency. For example, Jack Dorsey's first tweet sold for $2.9 million,
a video clip of a LeBron James slam dunk sold for over $200,000, and a decade-old "Nyan Cat"
GIF sold for $600,000. Clearly, the NFT market is something to be taken seriously. So, the next
question is: how does one participate in it?
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Basically any digital image can be purchased as an NFT. But before buying one, there are a
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few things to consider. You need to think about which marketplace to buy from. You also need to
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think about what kind of digital wallet you'll be using to store the NFT, and which type of
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cryptocurrency you'll use to purchase it. The process of selling your NFT will vary based on which
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marketplace you use. However, the process is simple enough-first, you'll upload your content to
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the marketplace to turn it into an NFT. Then, add details about the work and set the price. NFTS
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may sound confusing, but anyone is able to take part in this new digital market as
a digital wallet and a little bit of cryptocurrency. zulli 120d so ausu gaivollot sa to doir'W.20
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