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What are NFTs?

NFTs (non-fungible tokens) are unique cryptographic tokens on a blockchain. These represent real-world items like art, music, in-game items, videos and real estate. Some fast facts on NFTs here:

  • The first NFT was minted in 2014.

  • Selling for $69.3 million, Beeple’s “Everydays: the First 5000 Days” is the most expensive NFT ever sold.

  • An NFT transaction consumes around 48.14 kWh of energy. This is more or less the amount of power a typical American household will use in a day.

  • The total value of NFT sales were $2bn in the first quarter of 2021.

Buy them here, these are open platforms from where you can purchase your NFTs and start your collection:

  • Zora

  • OpenSea

  • Rarible

  • KnownOrigin

  • Mintable

Form a deeper understanding about the potential this new technology will bring.

Learn more about the latest in crypto in our new module — MetCrynN, part of the WorkEx Bootcamp!


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