At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin.
180
2.62K reads
CURATED FROM
NFTs, explained: what they are, and why they’re suddenly worth millions - The Verge
theverge.com
5 ideas
·12.2K reads
IDEAS CURATED BY
Digital marketing at dentsu. Invested in the symbiosis of marketing, psychology, and design. Photographer at heart.
The idea is part of this collection:
Learn more about technologyandthefuture with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
Related collections
Similar ideas to How do they work?
They use the same blockchain technology that most cryptocurrencies use.
Most NFTs are part of the Ethereum (a crypto...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates