NFT and What is Blockchain?

Welcome to ChainDecoded —Your guide to the world of Web3, Crypto and Blockchain. You will receive one email every Thursday with various news, concepts and facts going on in this week.

Concept you should know: NFTs

Non-fungible tokens (NFTs) are unique digital assets that can represent various digital and physical items, such as art, collectibles, and real-world goods. They are one-of-a-kind and cannot be replicated or replaced, unlike fungible items, which can be exchanged for equal value. NFTs are stored on a blockchain, which allows for the creation of a public ledger that documents ownership and provenance, ensuring that the creator's intellectual property rights are protected.

News & Videos:

Indian central bank says there is no ‘upside’ to legalizing crypto Link

Learn how Blockchain works through this 6-minutes video.

In order to appreciate Bitcoin's blockchain technology, Pomp says you first have to understand the problem with the current system. True to his nature, Pomp delivers a short and very effective explanation of the blockchain and blows the minds of those unknowing so they can see the light at the end of this murky as hell tunnel.

NOT as always, this video is only five minutes, so watch it! There are no cliff notes today.

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