Logan Paul Made $5 Million With NFTs, What Are They? NFTs Explained | Famous News

Logan Paul Made $5 Million With NFTs, What Are They? NFTs Explained | Famous News
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Logan Paul will always find a way to secure the bag. It looks like NFTs are Logan's latest business endeavor that he is excited about, especially after making so much off Pokemon cards. NFTs also referred to as non fungible tokens that contrast cryptocurrency by representing something unique and not mutually interchangeable.

Its basically the concept of owning digital property or owning an original piece of media that cannot be duplicated or shared it kinda turns pieces of media into collectibles or assets worth lots of money. Look I know it's a wild concept but Logan Paul is making a killing off of it so that’s what we are going to be breaking down in this video NFTs and what they are. Nonfugible tokens NFTs nonfungible means not able to duplicate, so how does this work? It's almost like owning a popular trading card, and being the only person or one of very few that own a genuine authentic version of that card. The same concept for something digital, except these digital items whether it be a picture or video or any digital entity have a unique code that makes it unique.

So its this code that prevents someone from taking a screenshot or trying to make a counterfeit version of your NFT, same way they could make fake trading cards, there is a number of ways to prove if it is genuine or not. This sounds far-fetched but trust me these NFTs are huge even things like CryptoKitties embrace this concept. Video games where you can buy these digital kitties that are slo NFTs and they bread with each other I know you’re probably thinking that Neopets has done this already but did you know some of these crypto kitties are being sold for more than 300 000 dollars.

#LoganPaul #NFT #FamousNews #NonFudgableTokens #LoganPaulNFT #NFTs #Bitcoin

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