NFT Royalties: The Creators New Dividend?
NFTs – Non-Fungible Tokens – have taken the digital world by storm, transforming the way we think about ownership, art, collectibles, and even utility. From multi-million dollar digital art sales to innovative applications in gaming and ticketing, NFTs are rapidly evolving and shaping the future of the digital landscape. This blog post will delve deep into the world of NFTs, exploring what they are, how they work, their diverse applications, and the factors to consider before diving in.
What are NFTs?
Understanding Fungibility
To understand NFTs, it's crucial to first grasp the concept of fungibility. Fungible items are interchangeable and indistinguishable. Think of a dollar bill; one dollar bill is essentially the same as any other dollar bill. You can exchange them freely without losing...