Re: What is NFT basically

Quote from: Wendell_1 on March 15, 2022, 08:23:01 AM

I've been noticing the term NFT in various projects on uniswap, but I'm not sure what it means. There's a price for NFT that's almost certainly higher than the token price. So, what exactly is it? What is the relationship between it and the project token?

Maybe this could help you out:

https://cointelegraph.com/explained/non-fungible-tokens-explained
https://cointelegraph.com/magazine/nonfungible-tokens/#/

And @zasad@ thread here:
https://bitcointalk.org/index.php?topic=5274952

This is the widely used marketplace:
https://opensea.io/

The price is basically what the artist wanted others to pay, and sometimes it will go into auction that's why the price keeps going up.