What is NFTs ?

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Hope you guys are well in your various places. With this New thoughts blog today I am going to take a trending topic " What is NFTs? " 

Lets's Start from beginning what is the full form of NFTs it is nothing complex but just "Non-fungible token" it is related to blockcain it doesn't matter elif NFT is on etherum blockchain or tezos etc. It is non fungible means it can't be changed or replace. If you want to sell NFTs you can earn money by selling or giveaway that for free to show that their are also people that is holding your NFTs right now. And if  they sold them you can also earn from it as you get royalty as much as you like it mostly vary between 2% to 50%.

Their are many platform that give you stage to present your NFTs the best platform that I ever used is Opensea and rarible it may not the best when you are seeing this blog but that is my judgement. Also this is my humble request be aware of scammers too. 

How scammers affect your life in crypto space lets say you own NFTs and you also created some NFT. You saw a giveaway that tell you that join are discord or follow this google link and you will get NFT for free ... Yes, you get it sometime and it is trustful but manytimes scammer guys tell you to enter your wallet details here I am taking about your digital wallet. And then by your private keys they stole your cryptocurrencies and NFT.

Hope you got the basic overview that what does it mean. Thanks for visiting our NFT blog. See you in new one.

 

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