An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with digital currency and they are generally encoded with the same underlying software as many digital currencies, such as Bitcoin or Wax.
NFTs have been around since 2014 and are now gaining notoriety because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes.
“Essentially, NFTs create digital scarcity,” - Arry Yu (Chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.)
WAX is the safest and most convenient way to create, buy, sell and trade virtual items.
The Wax Blockchain is certified carbon neutral blockchain, unlike the other blockchain structures that are harming our environment with each and every digital transaction.
Amazon has even seen the value of Wax and has invested.
