So if you want to claim free NFTs, you might have to pay close attention to what’s going on with each channel. Often these occur on social media platforms like Discord, Telegram, or Twitter. When an artist or platform is promoting a new NFT collection, they may announce that they’re doing a free NFT giveaway. These items can be physical or digital, but their uniqueness is verified through the blockchain on which it resides.
When boiled down to the basics, an NFT is a single, non-fungible item.
These items are non-divisible and are not of equal value. For instance, Starry Night by Van Gogh is not the same as Sunflowers by Van Gogh. With non-fungible items, no two things are exactly the same. For example, if I give you a twenty-dollar bill, you can give me a twenty-dollar bill of the same value. Typically, you’ll see these tokens represented as works of art, but you might also find them as music, memes, domains, and more.Ī fungible item is an item that has the same value as something else.
But what is an NFT? It’s a cryptographic token that’s kept on a blockchain like Ethereum or Solana.
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