Exploring the Rise of NFTs in Nigeria: A Digital Frontier Emerges
In recent years, the world has witnessed an explosion of interest in Non-Fungible Tokens (NFTs), revolutionizing the way we perceive […]
NFT
NFT
NFTs are a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content, using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and interchangeable, NFTs are non-fungible, meaning each one is unique and cannot be replicated or exchanged on a one-to-one basis. NFTs can represent digital artworks, collectibles, virtual real estate, in-game items, and more. They have gained significant attention in the art world and entertainment industry, with artists, musicians, and creators selling digital assets as NFTs for considerable sums.