Five high quality free resources to learn about NFTs
NFTs have been all the rage lately as they have experienced exponential growth. To put it into perspective, for this first half of 2020, there were $13.7 million in NFT sales. For the second quarter of 2021 alone, there were $2.5 billion in NFT sales.
So, what exactly is an NFT? NFTs, or non-fungible tokens, are digital assets, such as artwork or music, which are minted on a blockchain so that they can be proven to be unique, thus creating scarcity. NFTs create a whole new set of opportunities for artists, musicians, developers, and content creators who wish to cut out the middle man, such as the auction house or independent authenticator, and provide their works directly to their customers at a reasonable cost to themselves.
Sound confusing? For many, the concept of NFTs is hard to comprehend, but they are definitely worth learning about as their use cases are growing, and they have the potential to greatly disrupt the creative sector. At Crypto Altruism, we are particularly fond of NFTs, as there are also many charitable use cases for this new and exciting technology. But more on that later.
For now, we wanted to introduce you to some free, high quality beginner resources on NFTs to help introduce you to the space.
1. Decrypt - Non-Fungible Tokens Beginner’s Guide
This excellent resource provides a beginner’s overview of NFTs, including how they work, the technology behind them, and how to purchase them. If you have about 15 minutes and want to gain a base level knowledge of NFTs, this is a good place to start.
2. a16z Podcast – All about NFTs
The a16z podcast by Andreessen Horowitz is a treasure trove of excellent content on blockchain and crypto, and their introductory episode on NFTs is no different. This podcast episode takes a deeper dive into the NFT space and gives you a well-rounded overview in just under an hour.
3. Ethereum.org
The Ethereum Foundation’s website offers a comprehensive resource on NFTs, covering everything from the basic technology behind them, to royalty structures, to the intersection between NFTs and DeFi. This approachable resource offers more of a deep dive and is a great way to broaden your knowledge if you have 30 minutes to spare.
4. Simply Explained – NFTs Explained in 4 minutes!
Simply Explained offers a plethora of amazing introductory videos on a number of blockchain and crypto-related topics. This video certainly won’t give you the knowledge to start minting and selling your own NFTs, but if you want a simple explanation in less than 5 minutes, it’s a great start!
5. CoinDesk – NFT Marketplaces: A Beginner’s Guide
Once you have a base knowledge of NFTs, this resource offers a great introduction to NFT marketplaces which facilitate the exchange of NFTs. It covers some of the largest NFT marketplaces including OpenSea, Rarible, and more.
What are some other free NFT resources that should be on this list? Tweet us at @Crypto_Altruism, we’d love to hear from you!
