In brief a blockchain is a database that resides on a large number of computers.

What does nft mean in youtube. Weve got a crypto dictionary NFT mythbusting and top tips on investing in crypto and NFTs. This digital artwork called Beeples Opus is created by Beeple the art moniker of South Carolina. An NFT is a bit like a collectible certificate of authenticity but its owner does not actually buy the copyright itself - meaning the artwork the NFT represents can still be shown wherever the.

In just seven minutes users purchased 31. Yes like well everything the value of an NFT is essentially based on the markets interest in owning that NFT which means at any time the value can diminish or skyrocket. NFTs are unique data points on a blockchain that cant be tampered with or replicated.

Well it means that a digital file - whether thats a song piece of artwork a trading card or anything else - can be kept on the blockchain as a one-of-a-kind collectable item. Thats why weve created a whole range of resources for you to help get your head around it. What is an NFT.

NFTs will change the content creator landscape get ready. NFT art is a totally new way of categorizing digital artwork and it ultimately enables designers to monetize their work. But what does that mean.

The world is going bananas over this new term for over a year now. So yes this is. Moreover it has probably been familiar to you that people spent millions of dollars on these NFTs.

From art to music to NFT of famous tweets yes you heard it r. We hope thats shed some light on what an NFT is but we know theres so much more to learn if youre new to the crypto space. What Does YouTube Mean.