Heres what you actually bought.

How does nft work youtube. NFTs are becoming increasingly popular as more people realize the value of digital collectibles. That probably doesnt mean a whole lot at this stage. Honestly creating an NFT doesnt require you to know much about cryptos smart contracts blockchain technology or non fungible token NFT the bottom line is.

But what exactly is an NFT. First things first lets take a look at some of the key terms and definitions well be using. If you are thinking about what can be labeled as an NFT you should know that NFTs can be anything digital such as an image GIF video drawing music article etc.

What Are They And How Do They Work. Courtesy the Mike WinkelmannChristies. The First 5000 Days NFT 21069 pixels x 21069 pixels 316939910 bytes.

While most NFT news has been about artwork the concept could apply to any digital product including music video or any other digital file. What is a Video NFT and how does it work. NFTs fuel a new creative economy in which creators retain control of their work rather than handing it over to the social media channels that promote it.

A video NFC video non-fungible token is an NFT that represents a digital video file. Select settle your NFT next to the artwork you won. How Does an NFT Work.

When a painter sells their work the money goes straight to them. By settling the NFT youre removing it from escrow and transferring it to your wallet. The NFT market is growing at an exponential rate.