What is NFT and How Does NFT Work? Everything You Need to Know
Investopedia does not include all offers available in the marketplace. Decentraland, a virtual reality platform on Ethereum’s blockchain, has already implemented such a concept. Within a few short weeks of their launch, cryptokitties racked up a fan base that spent $20 million worth of ether to purchase, feed, and nurture them. Full BioPete Rathburn is a freelance writer, copy editor, and fact-checker with expertise in economics and personal finance. In other words, investing in NFTs is a largely personal decision. If you have money to spare, it may be worth considering, especially if a piece holds meaning for you. Most exchanges charge at least a percentage of your transaction when you buy crypto. NFTs exist on a blockchain, which is a distributed public ledger that records transactions. You’re probably most familiar with blockchain as the underlying process that makes cryptocurrencies possible. That doesn't necessarily mean you should invest in highly speculative NFT s, but,