What is an NFT & how does it work?

An NFT, though, is one of a kind. The token refers to a unit of currency on the blockchain. It's how cryptocurrency like Bitcoin is bought and sold. "Remember those days where people would line up for the newest Nike Air Jordan sneakers at the physical store?

What is the NFT Bay?

So someone created this site called The NFT Bay as a sort of art project, where they put up a torrent pointing to a 19TB ZIP file, which they said included every NFT on the Ethereum and Solana blockchains.

Are NFTS a good investment?

While NFTs’ energy use has come down dramatically, NFTs are a key on-ramp for many people into the broader “crypto” space. By itself, the best-known blockchain Bitcoin leads to millions of tons of CO2 and thousands of tons of electronic waste each year.

Where are NFTS stored?

Well, like cryptocurrencies, NFTs are stored in digital wallets (though it is worth noting that the wallet does specifically have to be NFT-compatible). You could always put the wallet on a computer in an underground bunker, though.