What is an NFT for Movie Fans
Soon movies and production studios will be launching NFTs for their fans.
Few friends reached out asking what’s NFT and a very high-level idea on what it can be used for.
Here’s a short answer I have been giving to friends.
NFT is a collectible — like an autographed poster of a famous movie — the difference being the ownership being easily verifiable.
You have to buy it with Ethereum — sometimes there won’t be any price for NFT — but we need to pay a gas fee which is $60–100+ now to acquire it.
NFT means it’s a unique piece of art stored in your wallet if you mint it or someone transfers it.
How do I use it?
The same can be used on applications that support it to get benefits — may be to get a selfie with the cast, they could verify the ownership of NFT!