The NFT market is a relatively new term for most people. It’s an industry full of projects that use blockchain technology to verify and sell digital art, but there’s another level to NFTs that most individuals overlook. The utility of an NFT is to verify an item, and some projects are looking to blend real-world items with NFT verification.
NFT stands for Non-Fungible Token, which is created when you run an asset through the minting process. You could technically mint an NFT of your baby pictures and sell them on the internet, as long as you were able to come up with a clever (and artistic) reasoning for it!
It’s a growing market that is only going to get better with time. 2022 may be gone, and the money may not be what it once was, but the NFT market will thrive once more.