NFTs: What are you REALLY buying?
NFTs are taking the world by storm!
Non-fungible tokens, mainly used for collectibles and art. People are buying into these digital keepsakes thinking they'll last forever.
But often, this isn't true.
Most people think that when they’re buying an NFT, they’re getting an image that will sit in their account on the website they purchased it from. But what they’re actually getting is a link on a blockchain. And links can break.
Some people's NFTs have been disappearing from their accounts, and some have been disappearing from the internet altogether!
I dive under the hood of NFTs with Aaron Gooch, CTO at Realio Fund, to talk about which NFTs will last forever, and which are vaporware.
There are many NFT platforms out there to be wary of. But for the record, I think that NFTs are super cool -- only if they're done properly and are actually decentralized and stored with redundancy and permanency! Check out my beginner's guide to NFTs: https://youtu.be/lvEOgtjrrqc
Written by Chris Karabats and Naomi Brockwell
Edited by Lee Rennie
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