![]() The “basic attention token” is a sort of currency that users earn by viewing ads and paying attention to content. Then there’s the BAT, the Ethereum-based token used by the Brave Browser. These are known as “intrinsic tokens.” They’re primarily used in e-commerce, particularly in the gaming sector. Many people are now seriously considering investing in NFTs and cashing in on the huge profits.īut, hold on! Here’s what you need to know about investing in them.įirst and foremost, you should be aware that there are several different types of NFTs. Recently, NFTs experienced a surge in demand and price. Essentially, NFTs act as a right to ownership of visual art, albeit digital. NFTs are also generally freely tradable online, and their high value stems from their scarcity. NFTs, short for non-fungible tokens, are unique digital objects that take the form of data on a blockchain.
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