WHAT IS AN NFT AND WHAT IS THE BLOCKCHAIN TECH?
NFT
Non-fungible Tokens (NFT)
Let's start with what a fungible token is. A fungible token would be like a BTC coin. At this time of writing; BTC is approx. $43,587 per coin. Which means it has a physical value of $43,587. That gives it a specific price for your BTC coin.
NFT's do not have a specific price for the object. They are also solidified on the ETH blockchain to show ownership of the NFT.
NFTs can digitally represent any asset, including online-only assets like digital artwork and real assets such as real estate,domain names, and more.
BLOCKCHAIN
Blockchain technology is essentially a digital public ledger.
BTC blockchain was created specifically for trading finance without being able to copy it. ETH blockchain technology was created in response to the BTC blockchain.
The creator of ETH and ETC blockchain Vitalik Buterin argues that "BTC & Blockchain Tech would benefit from other applications besides money and needed a more robust language for App development, lead to attaching real world assists like stock, property, to the blockchain."
Helpful Terms
GM----------good morning
GN----------good night
WEB3----------third version of interweb
HODL----------hold
WAGMI----------we're all gonna make it
NGMI----------not gonna make it
APE----------buying into something
BULLISH----------positive market sentiment
BEARISH----------negative market sentiment
NFT----------non-fungible-Token
DAO----------decentralized Autonomous Organization
DEFI----------decentralized finance
P2E----------play-to-earn
DYOR----------do your own research
FOMO----------fear of missing out
FUD----------fear uncertainty doubt
MOON----------price goin up fast
SHILL----------advertising projects or coins
ALPHA----------useful investment advice
GAS/GWEI----------amount of energy required to work on ETH Blockchain
MINT----------process of validating info
MOONBOY----------social media crypto influencers
PFP----------profile picture
POS----------proof of stake
POW----------proof of work
VAPORWARE----------lots of marketing but no product