The NFT craze started because people think of it as a get rich quick scheme.

What is nft craze in music. It was crazy because all the crypto guys said I want to buy it I want to buy it. An NFT token can be essentially anything digital ranging from an image video gif to items in digital games. What does non-fungible token mean.

Tons of money made with little to zero effort. In a bit more words. Tons of money made with little to zero effort is the street term for speculation.

Well to start NFT stands for a non-fungible token. What could NFTs do for the music industry. For the past few months the entire industry has been raving about non-fungible tokens NFTs which are digital collectibles stored on the blockchain and can represent anything from art to music and real-world assets.

Over the past few months dozens of musicians have entered the NFT fray such as Grimes who in February sold some 6 million worth of digital artworks in one auction and the more mainstream. The craze has seen Investors pay mad money just to acquire NFTs like the infamous Beeples First 5000 Days that sold for 69 million. What is an NFT.

NFTs rely on the blockchain the same energy-intensive technology that underlies bitcoin and other cryptocurrencies. For the past few months the entire industry has been raving about non-fungible tokens NFTs which are digital collectibles stored on the blockchain and can represent anything from. The creation of the EtherRocks was inspired by the Pet Rock toy craze in 1975 and only 100 ETHRocks will ever exist.

The NFT consists of still images of a rock which are all identical in design and shape but with different color tones. The online NFT and crypto communities are especially engaged with the new launches. Interestingly the very first rock sold.