Cryptocurrencies are still gaining relevance with each coming day. Bitcoin, Ethereum and other blockchain members have been topics of discussion for so long, and now the newbie Non-fungible token (NFT) is by leaps and bounds taking over the popularity.

NFT is a digital asset, a piece of art or video with a unique blockchain identification code that cannot be replaced.

Buying an NFT gives you only a tokenized representation of the work that cannot be fabricated. This gives you the ability to prove to the world that the NFT is yours, prevent anyone else from manipulating the NFT and, perhaps most important to the owners, resell the NFT to others.

For one to conduct business in the NFT marketplace, one will need to have a digital wallet cashed with Ethereum. As of now, one Ethereum equates to $ 2747, approximately Tsh 6,363,958. However, one can buy just a fraction of it.

Prices for NFTs varies. This year alone, it has been playing between $1,840 and $5,000.

“The Merge” is currently the most expensive NFT to ever be sold. It was sold for $91.8 million in December 2021, with about 30,000 people pitched in together to buy it.

NFT is gives people total ownership of their pieces and adds value to the artist’s work.

As NFT gets popular, so is Ethereum getting stronger, leaving bitcoin behind in the cryptocurrency market.