What's an NFT? The concept explained in plain English - Deepstash

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When I retire will this be how financing property will be done? Part B of retirement? Financing property with my crypto?

WTSP

What's an NFT? The concept explained in plain English

What's an NFT? The concept explained in plain English

wtsp.com

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What Are They?

NFT stands for non-fungible token.

"Non-fungible" means it's unique and irreplaceable.

Popular tech website The Verge explains it well. ...

No Middle Man

Think about your life at home. You probably use a bank. That bank is basically the middle man between you and whoever you're sending money to.

A blockchain cuts out the bank. The blocks form a transparent, digital ledger that everybody can see.

What Are The Possibilities?

For instance, let's talk about real estate. Houses aren't digital. They're physical. But, could a real estate transaction happen in NFT form? Experts say...yes.

Million Acres ...

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I wonder if this would create a more even lending process.

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NFTs provide a bright future. Any artist can and should tap into this powerful blockchain technology to reach new audiences that are excited to collect and appreciate their work.

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