What Are NFTs? Mapping the NFT Ecosystem (Infographic)

As we move steadily into the future of digital connection, we are seeing several new kinds of connectivity popping out of the woodwork, providing brand new ways to expand upon creator’s horizons and build direct connection with consumers, fans, artists and more.

There seems to be a new connection platform emerging, seeing a growing number of investors, and advisors, called NFTs, or “non-fungible tokens.” Basically, NFTs are a one-of-a-kind digital asset that belongs to you and you only. The most popular NFTs right now include artwork and music, but can also include videos and even tweets.

According to Social Media Today:

“The NFT movement has now become a key growth aspect of the broader social media space, and while there are many skeptics, and many questions about the long-term viability, and value, of these digital art works, the growth of NFTs is undeniable, with TwitterInstagram and Facebook all exploring new ways to directly integrate NFT art and ownership into their apps.”

If you want to learn more about NFT’s then check out the following infographic.  Visual Capitalist recently teamed up with Next Decentrum to provide this overview of NFTs and the emerging online art space.

Overview of NFTs and the new creator ecosystem

Source – Social Media Today