NFTs are gaining a lot of traction these days since they're a great method to show off and market your digital artwork which has led to everyday technology questions like what is an NFT and how is it different from cryptocurrency?
Non fungible tokens (NFTs) have taken the globe by storm, due to their capacity to give value to anything from art to music to a simple selfie.
According to market data tracker DappRadar data analytics, NFT sales increased by $25 billion in 2021 as the crypto asset soared in prominence, fueled by the growing attention of celebrities and tech enthusiasts. However, other experts feel that NFTs are a speculative bubble that will burst.
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What are NFTs?
An NFT can be anything that can be transformed into a digital format. Drawings, photographs, movies, GIFs, music, in-game objects, selfies, and even a tweet may all be converted into NFTs, which can then be exchanged online using cryptocurrencies.
NFTs, on the other hand, are distinguish...