NFTS ARE FUELING A BOOM IN DIGITAL ART. HERE’S HOW THEY WORK.

Teachers’ notes

NFTS are a new form of digital art. They are connected to cryptocurrency and have proven to be quite profitable. Each digital artwork has a digital signature. This verifies that this is the original artwork and cannot be recreated. This method creates scarcity and thus drives up prices. The problem is that in some cases it is difficult to verify who created the NFT. Because of the level of value that comes with these digital art works this can cause serious problems. Unlike other cryptocurrencies, you can set terms and agreements for NFTS to produce additional and continual revenue.

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