What Are NFTs And Why Are They Selling For Millions of Dollars?
Written by Nayantara Singh, a grade 7 student.
An NFT could be anything digital, like a gif, drawing, video, music, etc. which you can then sell. They are usually paid for using tokens of a cryptocurrency called ‘Ethereum.’ Once a person purchases the NFT, they now own the rights to it. So, they can trade and sell it, post it, use it as their profile, etc….