'What are NFTs and Why Should I Care About Them' web3 nft
For the past few months, I've been hearing about NFTs, and I had no idea what they were, so I decided to check them out and what I found out was pretty interesting, and so I decided to write an article about it to help those who were in the dark about NFTs like I was.NFTs is an acronym that stands for Non Fungible Tokens, and they are used to describe things that cannot be replaced as they are special and have special properties like your computer, your favorite dress, or your key holder.
In simple words, NFTs are digital assets that represent a wide range of unique tangible and intangible collectible items. Collectibles here simply mean anything of value, like maybe a painting by Leonardo da Vinci, a football signed by Leo Messi, the first Apple 2 computer. Things like that.Now we understand the meaning of NFTs, let's understand...NFTs exist on a blockchain, which is distributed ledgers that record transactions.
When you buy a collectible's NFT, it's just like getting a digital certificate saying you own that particular collectible. Think of it this way, you and a group of other people all want a particular car, and you all bid for the car, but then your price wins, and you get the car.
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