NFT: Not a necessity but a luxury

“A non-fungible token is not a necessity; it is a luxury,” says American entrepreneur and crypto evangelist Nithin Eapen. NFTs are cryptographic assets that may result in a profit or a loss. Nithin Eapen described the history of NFT and virtual sneakers (RTFKT). He also differentiated between fungible and nonfungible tokens. He used this session to explain the gains an artist can make through NFTs and shared his experience while attending the first NFT meeting.