OK, Starting with me. I need it to get informed of what NFT Data means and what Money has to do with it. When you understand it is easy. But what about when a person starts talking to you about any topic you don’t have any idea about? That will be hard to follow or at least give your opinion, right? So I will talk about my understanding so far.
Yes, just about what I’ve been searching and learning. You may know much more or less but I will be sharing my knowledge so far. And as we do here in this community we keep learning, upgrading and sharing everything for those that want to learn and appreciate a little some you shared.
**NFT mean= Non-Fungible Token**
**Fungibility mean= The ability of an asset to be exchanged or substituted with similar assets of the same value.
**Crypto mean= digital numbers encrypted technology (in this case we are talking is money) in other words, one and only one virtual bank
**currency mean= (easy, what is on the moment) but on money is depends of where you from.
In US $5.dollars bill (or 5 ones) value is different than the Canadian 5 dollar bill or Australian 5 dollar bill.
How to create and mine an NFT?
- 1) First you decide what type of NFT you Want to create. There Are many options out there, (and many being created) that I am still learning about. But, anyway once you choose the NFT (type of Crypto)
- 2) Study or educate yourself about the current price of the NFT you want or must conveniently use.
- 3) You will set up a crypto Wallet,
- 4) Then you buy the type of crypto through an exchange (type of money or token you are use to buy stuff)
- 5) Then, connect your wallet to the NFT platform you choose from and start mining.
(BTC) Bitcoin? is the most common but it has many other assets: Ethereum (ETH), Stellar Lumens (XLM), Solana (SOL), Litecoin (LTC), Chainlink and more…
I don’t have a favorite one yet, but I am still learning. But I know that will determine the value of the (NFT) crypto (moneda) you choose. I heard that the NFT is rare for the greatest value.
Revolutionary? Yes, Do You Getting the Idea of NFT Yet?
It’s so extremely Revolutionary. But learn how this technology booms to create money you don’t touch, only see numbers (digital assets) on a computer or any kind of screen that has the internet running.
Here a video with a great Information:
The Future of Us with Cryptocurrency
Who hasn’t heard about the word BLOCKCHAIN? But who said everyone knows the meaning of it. Block= blocks or square shape. Chain= a row of. Blockchain is always related to bitcoin or cryptocurrency but doesn’t mean money, it means your data (information) is locked on a block and that block makes a chain of many other blocks collecting many other pieces of information. That’s It.!!
NFT, Cryptocurrency come in many value ways for many uses and value goes up quickly. Hard to hack that makes it pretty secure. You can start with a small amount till you feel comfortable. But start today, before crypto gets total control and you stay behind.
We Know, the future is here to stay.!! Educate yourself, open mind to new. !! My uncle told me many times. “renovate” ‘”you will start dying the day you stop learning” Don’t worry how slow or fast you learn, the point is to learn.
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