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This is a simple explanation of what NFT's, or NonFungible Tokens, are in cryptocurrency and blockchain technology for beginners.

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======== TABLE OF CONTENTS ========

00:00 Introduction
00:36 3 Key Concepts to Understand NFT's Better
01:06 Subjective vs Objective Value
04:29 What is a Market?
06:06 Fungible vs NonFungible Assets
08:21 Definition of Tokens
09:22 What is Blockchain?
09:45 Decentralization
10:49 Transparency
11:58 Immutability
12:39 What is An NFT, or NonFungible Token?
14:37 NFT's Available on OpenSea.io NFT Marketplace
12:50 Unstoppable Domains NFT''s
16:45 Standardization
18:31 ERC721 Standard
20:20 ERC998
21:09 ERC1155
22:45 Tradeability
23:34 Liquidity
24:45 Immuteability
25:15 Programmability
25:35 How NFT's Could be Used in the Future
28:20 Current Cons of NFT's
29:52 Outro


======== VIDEO SUMMARY ========

This is a video guide for beginners all about NFT's or NonFungible Tokens.

We will discuss what NFT’s are, how they are created, how they are being used now, and how they can be used in the future.

A nonfungible token is simply a representation of a unique digital asset that cannot be equally swapped or traded for another NFT of the same type.

So nonfungible tokens can represent digital art, a ticket to an event, an ingame item, virtual property in a virtual world, or even a realworld asset like a deed or title to actual land in the physical world.

Blockchain adds unique properties to digital assets by giving people ownership, management permissions, and transferability on a decentralized, transparent, and immutable platform.

Blockchain technology provides a coordination layer that will impart 6 key properties onto digital assets, all predicated on immutability which are: standardization, interoperability, tradeability, liquidity, immutability, & programmability.


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