NFTs have become hugely popular commodities throughout 2020 and 2021, and there seems to be no end to their continued growth in value and desirability at the moment. However, NFTs currently range hugely in their price and can sell for tens of millions of dollars. So, if you're looking to spend a decent chunk of cash on an NFT, it's hugely important to consider certain factors. So, what exactly should you be checking before your purchase?
Jack Dorsey, the creator of Twitter, sold the world's first tweet for $2.9 million; this bit of news is what introduced most people to the world of NFTs (Non-Fungible Tokens). Now all the rage, NFTs are being bought and sold like priceless pieces of art. The NFT market is seemingly swarming with digital Mona Lisas, but the question is: besides tweets and pictures, what other types of NFTs are there in the wild? Let's take a dive into the world of NFTs and find that answer. First Off: What Are NFTs? Digital media can be replicated easily and redistributed; however, try making an honest-to-goodness copy of the Mona Lisa down to the brush strokes and the original paper. Think of NFTs as digital non-replicable pieces of art. These are properties that can not be copied or replaced at all. Sure, the media itself can be copied and posted to a person's social media, but the buyer will retain ownership of the NFT, regardless. Hitting Ctrl + C on an NFT and posting it is the equi...
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