NFTs are Non-Fungible Tokens and they are exactly what they sound like.

Now, what is meant by Fungible? Anything which can be replaced by another identical item and still have the exact same value is known as a fungible asset. A perfect example of this would be currency notes, all $10 notes will be having the same value no matter who owns it or which "serial number" it belongs to.

A non-fungible asset is something that has a unique property attached to it and cannot be interchanged with something similar of the same value. Pokemon trading cards are a perfect example of non-fungible assets - they are unique, have different characteristics and no card can have the exact same value.

What can become an NFT?

NFTs can be anything, it all depends on your imagination. Digital artwork like images, audio, video and, virtual land have been converted into NFTs.

Who buys an NFT?

Many people buy NFTs, for different reasons.

• Superfans of NFT creators who might want to keep their art as collectibles.
• NFT flippers buy and sell NFTs to make profits. (NFT flipping requires skills, expertise can make you highly profitable).
• Investors buy NFTs for the perks attached to them. Some NFTs are like access tokens that allow you to enter various parties, communities, etc.

How do you buy/sell NFTs?

NFT marketplaces are platforms where creators can sell their NFTs to investors.

Some of the most famous NFT marketplaces are:

• Opensea
• Rarible
• Foundation
• Superare