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. 

What can be an 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

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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