NFTs are a new trend towards putting art and collectibles on the blockchain so they can be easily traded. The simplest definition of Bitcoin is that it's like digital gold. It's not super hard to use it as a medium of exchange either. What's The Difference Between NFTs And Bitcoin?īitcoin now has nearly 80 million users, and anyone who is interested in owning a store of value that can't be printed away by the decisions of central banks can invest some money in it. Note that NFTs have been used to perpetrate a few different types of scams and frauds, so do your homework before sending money to anyone! NBA Top Shot operates its own marketplace that's popular with sports fans and collectors. Opensea is the most well-known marketplace for buying and selling NFTs, and most transactions take place using Ethereum (ETH-USD). Also, when certain NFTs change hands for huge prices, the reasonable suspicion is that some of the parties involved might be laundering money with them, or at least moving money out of countries with capital controls (for example, China).Ĭoinbase published a guide to buying and selling NFTs here. On the darker side, NFTs are prime candidates for fraud and scams by unscrupulous artists and promoters. NFTs became the subject of what was probably a speculative bubble in 2021.
Mike Winkelmann), who made tens of millions of dollars selling digital art created over the last 15 years, and NBA Top Shot, which took buying and selling collectible trading cards online for NBA fans. Some cool examples of NFTs are works by the artist Beeple (a.k.a. NFTs are mainly used to put collectibles like art and sports memorabilia on the blockchain. NFT stands for "non-fungible token", which means each one is unique, and not fungible like cash is.
With this in mind, I thought I would compare and contrast Bitcoin and NFTs and offer an outlook on both for 2022. NFTs aren't as revolutionary as Bitcoin, but there are some use cases that are worth thinking about. Now, all the questions are what NFTs are and whether people should invest in them. That's a shame because BTC could be the most impactful invention of the 21st century. The irony, of course, was that a lot of people who wanted to buy Bitcoin didn't even care to know about what it is. The second most asked question I was asked was when people wanted to know what the heck Bitcoin was - then it usually took a while to explain how someone could create a digital currency that wasn't a scam and do so without the involvement of any government. In 2020, probably the most common question I was asked by people was "how do you buy Bitcoin?" (Answer: with Coinbase Pro (NASDAQ:COIN), Kraken, or BlockFi). The rise in interest echoes the questions I used to get about Bitcoin (BTC-USD). There has been a surge in interest in NFTs recently that has doubled down into 2022, both online and in people asking people about them in person. Pete Davidson as Eminem, Saturday Night Live.
0 kommentar(er)
