The Leading Annual Non-Fungible Token Event
An NFT is a unique digital asset that is not directly replaceable with another digital asset (thus the name "non-fungible"). Real estate, for example, is non-fungible since each piece of property is unique from others. Whether or not NFTs are here to stay, for the moment they are making some people money and they're creating new possibilities for digital art. We would, however, advise caution and careful consideration of which platforms to use. A recent Vanity Fair NFT cover is very strange but also shows there's still an appetite for this technology. All this means that the fees can often add up to a lot more than the price you get for selling the NFT. It is also, however, now easier to create an NFT for free but placing the fees on the buyer and not the creator. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of