What are NFT's in Crypto Non-Fungible Tokens - Beginner's Guide

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19 Sep 2021

This is a simple explanation of what NFT's or Non-Fungible Tokens are in cryptocurrency and blockchain technology for beginners Link to Buy an Unstoppable Domain - a https 3A 2F 2Funstoppabledomains com 2Fr 2Fcryptocasey a 25 Worth of FREE Crypto from Crypto com Crypto com Signup - a http 3A 2F 2Fplatinum crypto com 2Fr 2Fcryptocasey a - Type in Referral Code CryptoCasey and we both get 25 Coinbase - Receive 10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest 100 a https 3A 2F 2Fwww coinbase com 2Fjoin 2F57605a33b9140001c900020b a BC Vault Crypto Hardware Wallet Link - a https 3A 2F 2Fbc-vault com 2Fshop 2Fbc-vault 2F 3Fwpam id 3D22 a Ledger Nano X S Hardware Wallets a https 3A 2F 2Fwww ledgerwallet com 2Fr 2Fbefe a Link to Join Ivan on Tech Academy at a Discount - a https 3A 2F 2Facademy ivanontech com 2Fa 2F30997 2F8Vj9oDiu a Link to Apply to Crypto Casey Beta Course - a https 3A 2F 2FCryptoCasey com 2FBeta a Link to Choice Bitcoin Retirement - a https 3A 2F 2Fwww retirewithchoice com 3Fkid 3D1B8081 a To check out the links to all of the articles we discuss go to a https 3A 2F 2FCryptoCasey com 2FLast-Week-Crypto a TABLE OF CONTENTS 00 00 - Introduction 00 36 - 3 Key Concepts to Understand NFT's Better 01 06 - Subjective vs Objective Value 04 29 - What is a Market 06 06 - Fungible vs Non-Fungible Assets 08 21 - Definition of Tokens 09 22 - What is Blockchain 09 45 - Decentralization 10 49 - Transparency 11 58 - Immutability 12 39 - What is An NFT or Non-Fungible Token 14 37 - NFT's Available on OpenSea io NFT Marketplace 12 50 - Unstoppable Domains NFT''s 16 45 - Standardization 18 31 - ERC-721 Standard 20 20 - ERC-998 21 09 - ERC-1155 22 45 - Tradeability 23 34 - Liquidity 24 45 - Immuteability 25 15 - Programmability 25 35 - How NFT's Could be Used in the Future 28 20 - Current Cons of NFT's 29 52 - Outro VIDEO SUMMARY This is a video guide for beginners all about NFT's or Non-Fungible Tokens We will discuss what NFT s are how they are created how they are being used now and how they can be used in the future A non-fungible token is simply a representation of a unique digital asset that cannot be equally swapped or traded for another NFT of the same type So non-fungible tokens can represent digital art a ticket to an event an in-game item virtual property in a virtual world or even a real-world asset like a deed or title to actual land in the physical world Blockchain adds unique properties to digital assets by giving people ownership management permissions and transferability on a decentralized transparent and immutable platform Blockchain technology provides a coordination layer that will impart 6 key properties onto digital assets all predicated on immutability which are standardization interoperability tradeability liquidity immutability programmability LINKS TO ACCESS SITES SAFELY Coinbase - Receive 10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest 100 a https 3A 2F 2Fwww coinbase com 2Fjoin 2F57605a33b9140001c900020b a Kraken Exchange Link a https 3A 2F 2Fr kraken com 2Fr5XmG a KuCoin Exchange Link - a https 3A 2F 2Fwww kucoin com 2Fucenter 2Fsignup 3Frcode 3D2Q2fbRg a Binance Signup Link a https 3A 2F 2Fwww binance com 2F 3Fref 3D11055137 a Bittrex Signup Link a https 3A 2F 2Fbittrex com 2FAccount 2FRegister 3FreferralCode 3DM0U-UDK-WU5 a Coinmama Signup Link - https go coinmama com visit bta 51862 nci 5343 BitBuy Canadian Exchange Link - http go bitbuy tech aff c offer id 3 aff id 1007 Recommended Hardware Wallet Ledger Nano X Backup Pack Link - a https 3A 2F 2Fwww ledgerwallet com 2Fr 2Fbefe a BC Vault Crypto Hardware Wallet Link - a https 3A 2F 2Fbc-vault com 2Fshop 2Fbc-vault 2F 3Fwpam id 3D22 a ESSENTIAL CRYPTO RESOURCES Recommended Hardware Wallet Ledger Nano X Backup Pack Link - a https 3A 2F 2Fwww ledgerwallet com 2Fr 2Fbefe a Recommended 2nd Hardware Wallet Trezor Model T Link - a https 3A 2F 2Fshop trezor io 2F 3Fa 3Dcasey 40cryptocasey com a Recommended Malware Protection for Computer Mobile Devices MalwareBytes Link - a http 3A 2F 2Fwww tkqlhce com 2Fclick-8628825-12849560 a Recommended Encrypted Email Account for Managing Cryptocurrency Accounts ProtonMail Link - a http 3A 2F 2Fproton go2cloud org 2FSH1f a Recommended Crypto Tax Solution CryptoTrader Link - a https 3A 2F 2Fwww cryptotrader tax 2F 3Ffp ref 3Dcasey80 a SOCIAL MEDIA LINKS Twitch - a https 3A 2F 2Ftwitch tv 2Fcryptocasey 2F a Facebook Page - a https 3A 2F 2Fwww facebook com 2Fcryptocasey 2F a Twitter a https 3A 2F 2Ftwitter com 2Fcryptocasey a Instagram a https 3A 2F 2Fwww instagram com 2Fcryptocasey 2F a Telegram a https 3A 2F 2Ft me 2Fcryptocaseychat 2F a Business Contact - Casey CryptoCasey com Website - a https 3A 2F 2FCryptoCasey com 2F a Podcast - a https 3A 2F 2Fcryptocasey buzzsprout com 2F a DONATIONS BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4