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The Ultimate Guide to NFTs
Feel like you missed out on the 2021 NFT bull market? Read this guide to be prepared for the next bull run so you don’t miss out again.
12 min readOct 31, 2022
In 2021 we saw a meteoric rise in NFT popularity and value.
We’ve seen mainstream success with big names like Beeple and Grimes selling their art for millions of dollars as NFTs.
And you might’ve heard of valuable collections like Bored Ape Yacht Club (BAYC), Gary Vee’s VeeFriends, and Nouns.
But what exactly is an NFT?
I hope to answer that question and much more in this ultimate guide to NFTs.
We’ll cover:
- Whats is an NFT?
- Uses of NFTs
- Why are NFTs valuable?
- How to buy an NFT
Let’s dive in.
What is an NFT?
An NFT is a type of asset stored on a blockchain such as Ethereum.
You know what baseball cards are, right?
Well if you can imagine digital baseball cards then you’re most of the way to understanding NFTs.