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RE: Steemit Crypto Academy Contest / S2W4 - What are NFTs. by @kennydavebobo

in SteemitCryptoAcademy2 years ago

📌 Fungible tokens store value while Non-fungible tokens store data

Yes this is an important point. Which is why we always say that nfts are unique in their own way. The fact that they are all nft if cats or bulls does not mean they are the same. They represent totally different things.

The first thing is to make research on NFTs that are available. There are many ways to make
research on available NFTs

Yes this is the basic fundamental of investing in anything at all. We must always make our research to find the team being that project, when it was created and how they are protecting their nfts.

I must say that the nft you minted is really beautiful and I might make a bid 😂.

Have you listed it though . ?

NFTs have made its way to many industries like real estate where buyers prefer a transparent and one time click for transaction. Also in music art where listeners gets rewarded for streaming.

One thing I like about it being in the real estate space means that you don’t have to meet with a customer anymore to sell a house , the customer can check the details of the house as an NFT and after purchasing it as am nft he will only have to wait for the keys and everything is done.

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Smiles 😊😊
I haven't listed it yet but I'm at your service if you're interested in buying my NFT sir.

Thanks for the strong affirmative comments I'm honoured