NFTs are unique digital assets on a blockchain, such as digital art, sports cards, games, music, and videos. They are provably unique and their ownership is immutable and publicly visible. No two NFTs are the same.
NFTs are unique cryptographic tokens created and transferred on the blockchain, which makes them valuable. Unlike other tokens like Bitcoin or Ethereum, NFTs are non-fungible, meaning each one is unique and cannot be exchanged for another. Each NFT has identifying information that makes it easily verifiable.
NFTs digitize the process of collecting valuable items, from art to trading cards, allowing ownership of tangible and intangible items to be proven in new ways. This benefits both collectors and creators, as artists can now verify the origin of their work and connect directly with their audience without intermediaries.
The first NFTs were from CryptoKitties, a game on Ethereum where players buy, collect, breed, and sell virtual cats. Today, artists are creating NFTs in new and diverse forms, such as digital art, NBA highlights, and music albums. There are no set rules for what can be an NFT.
There are many marketplaces to buy NFTs, including OpenSea, Zora, SuperRare, Makerspace, NiftyGateway, and NBA Top Shot. Crypto-savvy individuals with Ethereum wallets can use platforms like OpenSea, Zora, or SuperRare, while those who prefer to pay with a credit card can use Makerspace, NiftyGateway, or NBA Top Shot.