Non-Fungible Token NFT: What It Means and How It Works
This gives investors and fans the opportunity to own a part of an NFT without having to buy the whole thing. This adds even more opportunities for NFT minters and collectors alike. As NFTs are essentially deeds, one day you could buy a car or home using ETH and receive the deed as an NFT in return . NFTs can provide records of ownership for in-game items, fuel in-game economies, and bring a host of benefits to the players. This would enable event organizers or performers to garner royalties on resales. In March 2021 an NFT of Twitter founder Jack Dorsey's first-ever tweet sold for $2.9 million. The same NFT was listed for sale in 2022 at $48 million, but only achieved a top bid of $280. In the video, Tomas uses a sledgehammer to destroy a state-sponsored Lithuanian plaque located on the Lithuanian Academy of Sciences honoring Nazi war criminal Jonas Noreika. One of the implications of enabling multiple types of tokens in a contract is the ability to provide escrow for differen