NFTs Explained: The REAL Reason Why People Buy JPEGs

Опубликовано: 30 Январь 2023
на канале: CoinGecko

4,189

143

Why are people spending so much money on NFTs, and are they really just JPEGs? In this video, we'll cover:
1. What is an NFT, and are they just JPEGs?
2. Top 4 Reasons why people buy NFTs

NFT stands for Non-Fungible Token, which represents a unique digital asset on a blockchain, such as Ethereum. These tokens can be used to verify ownership and authenticity of digital items such as artwork, music, and collectibles.

NFTs mentioned:
Justin Aversano | Wheel of Fortune https://www.justinaversano.com/
Pudgy Penguins https://pudgypenguins.com/
Bored Ape Yacht Club https://boredapeyachtclub.com/

Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/

Timestamps:
00:00 Intro
00:20 NFT vs JPEG
00:57 Reason 1
01:21 Reason 2
01:50 Reason 3
02:40 Reason 4
03:00 Outro

Download CoinGecko App!📱
iOS: https://gcko.io/coingecko-ios
Android: https://gcko.io/coingecko-android

Follow us!
Twitter:   / coingecko
Instagram:   / coingecko
TikTok:   / coingeckotv
Telegram: https://t.me/coingecko

Subscribe to CoinGecko's Newsletter! 📩
https://landing.coingecko.com/newslet...

#nft #opensea #nftcollector #cryptotransactions #decentralized #cryptocurrency#crypto #finance #blockchain #nftutility #nftcommunity #nftartist #Whybuynfts #nft #pudgypenguin #boredape #nfts