Tag Archives: Non-Fungible Token

NFT’s (Non-Fungible Tokens) … Explained … Ecosystems

We are certainly not recommending these as an investment, but we are watching the development of NFT’s and as such, thought it worth giving you a little background on them… of course a great chart from our friends at Visual Capitalist set us on our way….

NFT Definition

This from Investopedia

WHAT YOU NEED TO KNOW

  • NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
  • NFTs can be used to represent real-world items like artwork and real-estate.
  • “Tokeninzing” these real-world tangible assets allows them to be bought, sold, and traded more efficiently while reducing the probability of fraud.
  • NFTs can also be used to represent peoples identities, property rights, and more.

NFT’s and Their Ecosystems

This great Chart from our friends at Visual Capitalist:

What are NFTs? The NFT Ecosystem, Explained

Have a Great “NFT’s Explained” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

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