What is NFT?

NFTs are images, photographs, music, or other forms of digital art that have a unique certificate of ownership.

This art is available online, but the whole point and what it is based on is a little deeper, so let’s start from the beginning.

NFT (non-fungible tokens) are literally irreplaceable tokens.

In practice, tokens are better known as pictures or photos. Placed on certain platforms, these “works of art” form entire collections that are valued for their uniqueness or history that is inseparable from the image. But the most important part, which is the basis of all NFT art, is that when you buy the original work, you get a code and a certificate of ownership, which proves that the token you have is original and belongs only to you.

This means that even if someone draws or copies an NFT image you have, they will be missing a code to prove the originality of the image, and without this code, no one will buy or evaluate the token.

How do NFTs relate to cryptocurrencies?

Both NFTs and cryptocurrencies are “mined” in exchange for computer resources and are based on innovative blockchain technology. This technology is based on the fact that every transfer or transition from hand to hand leaves a mark throughout the chain. The only difference between cryptocurrencies and NFTs is that switching from hand to hand, say Bitcoin (the most popular cryptocurrency), can be replaced with another Bitcoin and it won’t make much of a difference to you. Meanwhile NFT is irreplaceable, when you buy an image and it‘s just impossible to replace it with another one. This is where the added benefit of NFT comes in. If the value of your cryptocurrency rises and falls with the entire market, changes in the value of NFT will depend solely on the demand for the image you have and the overall popularity of this collection.

Why should you purchase NFT?

Much like with real tangible art, NFT is not only an image you like to admire or decorate your computer screen, but also an investment. There are a lot of ways you can monetize your NFT. Of course you need some knowledge, but a good start for making money from something is to buy that something. Often NFTs not only have collectible value, but also provide some advantage or direct return. So in our case, having any NFT of a RealBean cup will also give you a perpetual code that will give 10% to 20% off all RealBean merchandise.