Good ish I guess
I don't understand how this NFT thing works
Non
Fungible
Tokens
So basically let's say I'm an artist / painter and I drew a picture of a sunset and wanted to sell it. I'd go to an auction house and people would bid and I'd get paid off the sale. Cool.
NFT's is the exact same thing but just with
digital stuff online.
So let's say I made a funny cat gif and for some reason people were willing to pay money to "own" this
SnowflakesByTheOZ cat gif I can sell it as an NFT.
Now because it's a gif and it's on the internet anyone can just copy it or save image it and it would be pretty much like owning it.. which makes sense.
But NFT's have this thing call a digital signature which is embedded in it by the original creator.
So anyone can save and duplicate the cat gif but there's only one original one that I made.
So whoever buys it will have the original funny cat gif.
And the thing with NFT's is that with every sale of it the
original creator gets a share of the sale
So let's say the person that I sold the gif to wants to sell it to someone else... I would get a cut of that. And then if that person sells it to someone else , I get a cut from that etc etc.