What are NFTs, exactly? Non-fungible tokens explained
Simply download MetaMask, set up a wallet and send over the ETH you just purchased from Coinbase. If this is your first time interacting with crypto wallets, check out the free Crypto & DeFi 101 guide for an in-depth video walk through. Prior to NFTs, digital ownership relied on central servers of companies, which can be manipulated. After the incident at Travis Scott's concert, for example, Fortnite deleted users' Travis Scott skins, leaving them with nothing. The only way to truly own a digital item is through ownership on a public blockchain; NFTs aren't controlled by a central entity, allowing for true ownership of these assets. The NFT marketplace OpenSea has rules against plagiarism and deepfakes (non-consensual intimate imagery). Others argue that there is no market incentive for NFT marketplaces to crack down on plagiarism. NFTs representing digital collectables and artworks are a speculative asset. The NFT buying surge was called an economic bubble by expert