This week we talk about the explosion of Hashmasks and the scams how real estate is going to be sharded on Enjin BTC Origins sale Mirandus WAX VIV3 Phantasma and more.

What is an nft beat. An NFT is a digital asset that represents a real-world object like for example the Charlie Bit My Finger video. What on earth is an NFT. Of course you might feel that 29 million for 20 characters 145000 per character is a ridiculous price to pay for a.

NFTs are non-fungible tokens. Marry the world of digital assets with the security of cryptocurrency. The basic concept of the non-fungible token.

Basically it is a. Buying an NFT means purchasing a hacker-resistant public proof of ownership over a specific digital asset. Heres everything you need to know about the new phenomenon.

They are unique and collectible digital items you can create in which no two items are ever identical. Now just this March the NFT of the tweet sold for 29 million. It can be an image file a song a tweet a text posted on a website a physical item or various other digital formats.

NFT stands for what now. If youre not familiar with how blockchain works its essentially a digital database and its what makes. But unlike a standard coin in the Bitcoin blockchain an NFT is unique and cant be exchanged like-for-like hence non-fungible.

If you own an NFT you bought for 100 and trade it for a new one worth 150 you have to pay taxes on the 50 gains you made in the transaction. Every Tuesday join Stache and Kenn Bosak for the NFT Beat where we talk about NFT investing how to make money with NFTs breaking NFT news and of course FREE NFT giveaways. Fungible essentially just means money or even moreso something that is freely exchangeable or replaceable.