This blog post will focus on NFT art works and Opensea.
NFT stands for Non Fungible Token, an NFT is a piece of data that is stored on the blockchain. What makes them incredible is the fact that literally anything digital can be made into an NFT! Some examples are videos, art works; even music. More NFT examples are collectibles, video game assets, virtual land and domain names.
All of these unique NFT’s can be sold and bought on the blockchain. Some famous NFT’s include the Gucci Ghost (which sold out in 12 seconds), Beeples ‘Everyday’ and even the internet's original source code! NFTs are unique, rare and traceable as they are on the digital blockchain. Similar to personal belongings in your regular life, you can do whatever you want with an NFT. You can choose to keep it to yourself, give it to someone you love or even through it in the bin and forget about it.
Opensea is today one of the most reputable, online NFT marketplaces where users can buy, sell and trade their belongings. Founded in 2017, the website became the first in the world to offer a marketplace for NFT’s. Check it out here!