Fun facts about NFTs

 Fun facts about NFTs

Here are some fun facts about NFTs:

  1. NFT stands for “non-fungible token,” and NFTs are a way of proving ownership over digital goods .
  2. Although most NFTs rely on the ethereum blockchain, a few alternatives have appeared in recent years  .
  3. Unlike cryptocurrencies like Bitcoin, NFTs are all unique. Typically using the Ethereum token standard of ERC-721, each and every NFT minted is a verifiably unique asset that is worth as much as someone’s willing to pay for it2.
  4. The most expensive NFT ever sold went for $69 million .
  5. Thousands of NFT sales worth millions of dollars in total value are traded each day .

I hope that helps. Let me know if you have any other questions.

 

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