The NFT Experience
This article is co-authored by Maurice Fawcett (Twitter), Erika Khanna (Twitter) and Alexandre Lores (Twitter).
Maurice is a technology enthusiast, Erika shares her experience of minting NFTs, and Alexandre is an NFT analyst who shares his expertise with us.
NFTs — Non-Fungible Tokens — have taken much of the internet by storm. They are the new hotness, especially in blockchain/cryptocurrency investing circles. However, it may not be immediately clear what NFTs are to the uninitiated. This article aims to demystify NFTs, and discuss what the future may look like for the technology.
What are NFTs?
NFTs (Non-Fungible Tokens) are not cryptocurrencies, but NFTs are an innovation brought to us by blockchain, the technology that powers many cryptocurrencies.
Tens of thousands of traditional corporations, influencers, entrepreneurs and artists have entered the space so far in 2021.
Don’t get what it’s all about? Here’s a quick intro:
Bitcoin was the first blockchain, then Ethereum made NFTs possible. Ethereum was the first major blockchain that provided a second layer on top of the blockchain, where applications could be easily built. This includes other cryptocurrency tokens (called ERC-20 tokens) as well as non-fungible tokens (called ERC-721 tokens),
