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RE: Steemit Crypto Academy Contest / S2W4 - What are NFTs. by @bolaji001

in SteemitCryptoAcademy2 years ago

An NFT can be an artwork, videos, game characters, music (as in audio), even tweets. Jack Dorsey, Twitter former CEO sold his first ever tweet from him as an NFT.

Yes, this is one thing a lot of users don’t actually know about. Because the nft space was introduced with art work a lot of users actually think that nfts are only consisted of art work.

No, NFTs are not mutually interchangeable ie they cannot be exchanged or traded for one another

Yes as you rightly said . Each nft is unique in its own way and they are have different purposes as we have seen many times. Unlike btc or eth an NFT belonging to the same collection might even represent different things all together.

Gamers make use of NFTs to make more revenue through livestreaming that attract more viewers.

Actually this has revolutionalised the gaming experience . Now games do not only have to enjoy what they do for fun, they also have the choice of earning , which is popularly dubbed as play to earn.

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True, I also use to think NFTs are only limited to artworks, but I was completely wrong.
You’ve clearly supported some of my points very well. Thanks so much for sharing your view too.

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