This YouTube video by Nick Benedetto provides a simple explanation of Non-Fungible Tokens (NFTs), and how to make and sell them on a website called Mintable. By using blockchain technology, the same tech that powers Bitcoin, you can create digital art or collectibles that cannot be duplicated.
In a previous post, I suggested that NFT’s are in a price bubble. If you buy one at the sky high prices they’re going for, you’ll likely lose a lot of money when they drop in value. However, I still feel they have potential, they just need to increase in value naturally. Art has been an underappreciated profession for centuries, so it’s good that creators have a new way to make a living.