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Showing posts from September, 2022

What are NFTs, exactly? Non-fungible tokens explained

Cryptoslate.com needs to review the security of your connection before proceeding. If you don’t already have a crypto exchange account, Coinbase and eToro are good options for beginners. NFT data stored by NFT.Storage can be accessed from the decentralized IPFS network from any peer that has the content. CIDs reference immutable content so you can be sure the content you access is the content referenced in the NFT. With the right API, contract address and token id, anyone can find NFT metadata on OpenSea and Rarible. Not to mention that digital items often only work in the context of their product. For example you can't re-sell an iTunes mp3 you've purchased, or you can't exchange one company's loyalty points for another platform's credit even if there's a market for it. Blockchain technology and NFTs afford artists and content creators a unique opportunity to monetize their wares. NFTs can make collectibles like trading cards more interactive and engagin