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7 Things You Should Know About NFTs

NFTs are tokenized, collectible items valued for their uniqueness and rarity, popular on Binance Smart Chain (BSC) and Ethereum. The value of NFTs relies on their authenticity and scarcity, so it can be helpful to take a closer look at the token on a blockchain explorer. NFTs have more use cases than just crypto art, and […]

Updated March 23, 2022

About Course

NFTs are tokenized, collectible items valued for their uniqueness and rarity, popular on Binance Smart Chain (BSC) and Ethereum. The value of NFTs relies on their authenticity and scarcity, so it can be helpful to take a closer look at the token on a blockchain explorer.

NFTs have more use cases than just crypto art, and BSC now has an innovative non-fungible token ecosystem. Due to the recent popularity of NFTs in the news and huge selling prices, it’s easy to see similarities with the 2017 ICO craze. But the two are, in fact, very different things.

To understand more, we cover the basics of NFTs based on common misconceptions and frequently asked questions.

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7 Things You Should Know About NFTs
NFTs are tokenized, collectible items valued for their uniqueness and rarity, popular on Binance Smart Chain (BSC) and Ethereum. The value of NFTs relies on their authenticity and scarcity, so it can be helpful to take a closer look at the token on a blockchain explorer. NFTs have more use cases than just crypto art, and BSC now has an innovative non-fungible token ecosystem. Due to the recent popularity of NFTs in the news and huge selling prices, it’s easy to see similarities with the 2017 ICO craze. But the two are, in fact, very different things. To understand more, we cover the basics of NFTs based on common misconceptions and frequently asked questions.

  • Introduction
  • What is an NFT?
  • What can I do with an NFT? Are they tradeable?
  • How is the rarity and value of an NFT determined?
  • Where can I find NFTs?
  • What are the main NFT projects on Binance Smart Chain?
  • Are NFTs the new ICO?
  • How do you verify the authenticity of an NFT?
  • Closing thoughts

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