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Showing posts from September, 2022

Crypto downturn makes NFT artists get creative

These NFT s can't be regular cryptocurrencies, as each NFT has a distinct value, hence non-fungible. Other cryptocurrency, like Bitcoin and Ethereum, are fungible, meaning that each ETH or BTC holds the same value as any other BTC or ETH. Connect your MetaMask to OpenSea or another NFT Marketplace There are many marketplaces to buy and sell NFTs. Depending on which marketplace you choose, you’ll be able to purchase different types of art or collectibles. Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. The market for NFTs was worth a staggering $41 billion in 2021 alone, an amount that is approaching the total value of the entire global fine art market. Non-fungible tokens, which use blockchain technology just like cryptocurrency, are generally secure. The distributed nature of blockchains makes NFTs difficult to hack. One security risk for NFTs is that you could lose