Source | Digital Camera World
Are NFTs the future of photography? We explain how photographers can make money by selling NFTs
Over the past few months, you may well ahve heard the term NFT mentioned in the news or by your photographer friends. If you’ve been wondering what on earth an NFT is, how it’s related to photography and whether you should start rifling through your hard drives to make a quick buck, we’re going to answer all of your questions here.
NFT stands for “non-fungible token”, which essentially means that each NFT is unique and can’t be replaced with something else. There have been comparisons made between NFTs and bitcoin, but while you could replace one bitcoin with another and you wouldn’t be able to tell the difference, you can’t do the same with an NFT.