What is a NFT? - Crypto in Plain English – Episode 10 - by cryptohunt.it

What is a NFT? - Crypto in Plain English – Episode 10 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today: An easy explanation of NFTs.

To explain NFTs, let’s first remember how cryptocurrencies work: Every Bitcoin has the same value and utility: Meaning I can give you one of my Bitcoins, you give me one of yours in return, and we’d still have the same value. They are completely exchangeable by design. Another word for that is fungible.

Non-fungible tokens, or NFTs, are the opposite. They represent a group of assets that are not all the same. In fact, they are all different and one isn’t just like the other. Let’s take two digital images for example - both unique. They could be traded as an NFT. And just like with Bitcoin, the blockchain would record transfers to verify ownership.

So the difference between cryptocurrencies and NFTs is quite simple: While both can be traded on the blockchain, one represents an exchangeable value like a dollar bill, the other something that is uniquely valuable, like a collectible coin that is valued by its own rareness and unique condition.

If you want an NFT, consider signing up at www.cryptohunt.it where you can win one of 100 when we launch.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(373)

Sam Bankman-Fried pleads “not guilty” - but why? - Episode 333 - by cryptohunt.it

Sam Bankman-Fried pleads “not guilty” - but why? - Episode 333 - by cryptohunt.it

Sam Bankman-Fried pleads “not guilty” - but why? It’s Monday, Jan 9th - Welcome to the Cryptohunt Jam, where we spend a minute a day explaining the intersection of exciting new technologies and your w...

9 Tammi 20232min

Why banks fear crypto so much - Episode 332 - by cryptohunt.it

Why banks fear crypto so much - Episode 332 - by cryptohunt.it

Why banks fear crypto so much Ever wondered why banks never really talk about crypto publicly? Because they are afraid of it. Welcome to the Cryptohunt Jam, where we spend a minute a day explaining th...

6 Tammi 20233min

A critical look at decentralization: Part 3 – Maybe not a good idea after all? - Episode 331 - by cryptohunt.it

A critical look at decentralization: Part 3 – Maybe not a good idea after all? - Episode 331 - by cryptohunt.it

A critical look at decentralization: Part 3 – Maybe not a good idea after all? Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the intersection of...

5 Tammi 20233min

A critical look at decentralization: Part 2 – In defense of giving power to the people - Episode 330 - by cryptohunt.it

A critical look at decentralization: Part 2 – In defense of giving power to the people - Episode 330 - by cryptohunt.it

A critical look at decentralization: Part 2 – In defense of giving power to the people Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the interse...

4 Tammi 20232min

A critical look at decentralization: Part 1 – The erosion of trust - Episode 329 - by cryptohunt.it

A critical look at decentralization: Part 1 – The erosion of trust - Episode 329 - by cryptohunt.it

A critical look at decentralization: Part 1 – The erosion of trust Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the intersection of exciting ne...

3 Tammi 20232min

Did Trump just make millions off an NFT collection? - Episode 328 - by cryptohunt.it

Did Trump just make millions off an NFT collection? - Episode 328 - by cryptohunt.it

Did Trump just make millions off an NFT collection? Welcome to a new year and to the Cryptohunt Jam, where we continue to spend a minute a day explaining the intersection of exciting new technologies ...

2 Tammi 20233min

This blockchain is crushing it behind the scenes - Episode 327 - by cryptohunt.it

This blockchain is crushing it behind the scenes - Episode 327 - by cryptohunt.it

This blockchain is crushing it behind the scenes Welcome to the Cryptohunt Jam, where we spend one minute a day explaining the intersection of exciting new technologies and your world. As always: In p...

30 Joulu 20222min

Starbucks is going crypto… but why? - Episode 326 - by cryptohunt.it

Starbucks is going crypto… but why? - Episode 326 - by cryptohunt.it

Starbucks is going crypto… but why? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining the intersection of exciting new technologies and your world. As always: In plain English....

29 Joulu 20223min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
rss-rahapodi
mimmit-sijoittaa
rss-oivalluksia-rahasta-elamasta
rss-rahamania
pomojen-suusta
hyva-paha-johtaminen
rss-sami-miettinen-neuvottelija
sijoituspodi
rss-lahtijat
rss-lentopaivakirjat
ostan-asuntoja-podcast
rahapuhetta
oppimisen-psykologia
asuntoasiaa-paivakirjat
rss-kaikki-koroista
rss-sisalto-kuntoon
rss-yritys-ja-erehdys
rss-set-for-life-sijoita-ja-vaurastu