Lesson 2: Introduction to NFTs

Crypto World - Intermediate Level

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What is an NFT?

NFT stands for Non-Fungible Token. It is a digital asset that represents ownership of a unique item or piece of content.

        Key difference: Fungible = interchangeable (like dollars). Non-fungible = unique (like art or collectibles).
      

What Can Be an NFT?

Digital art and collectibles
Music, videos, and games
Domain names
Real estate (virtual or tokenized)
Identity or certificates

How NFTs Work

Created (minted) using smart contracts (usually ERC-721 or ERC-1155)
Stored on a blockchain like Ethereum, BNB Chain, or Polygon
Can be bought, sold, and traded on NFT marketplaces
Metadata includes name, image, description, traits

NFT Example Image

Why NFTs Matter

Enable digital ownership and authenticity
Support artists and creators with royalties
Open doors to decentralized gaming and metaverse economies
Can represent assets or access rights in Web3 apps

Next: We dive into DeFi – the movement that's decentralizing banking and finance.

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