Whenever you think of a NFT, a digital image usually pops up, but did you know that songs and videos can also be NFTs?
NFTs come in many forms. Ever seen your favorite athlete dunking a ball into the ring? That moment - captured in video - can be a NFT. You can buy that clip, own it, and you can sell it.
Sounds crazy, right?
NFTs are about ownership. Acquiring a NFT means having rights and license over it. That means you get credited for a clip if it gets replayed, shared, or uploaded on the internet or shown on TV.
The best way to understand how NFTs work is to look at how items in a video game can help your character win a certain level. They may not be tangible in the physical world, but they are useful in the digital space.
In the same way, the demand for digital transactions has increased today. NFTs are the initial assets that you can own as the digital space and the metaverse evolves and expands.
Chapters
0:00 Introduction
1:22 Innovations
2:49 Minting
5:05 First NFT Home
8:13 Fortnite
10:40 Minecraft Universe
15:09 NFT is happening
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