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WTF is an NFT and why should IGAF?

May 28, 2022

Apes. Cats. Apes who look like Cats. Bored Apes and Blazed Cats playing with their BFFs in the Monaverse.

Somewhere, yes – that sentence actually makes sense. Welcome to the meta verse.

If you're not familiar with the term, NFTs are non-fungible tokens. And if that doesn't mean anything to you, don't worry – most people have no idea what they are either. But that's about to change. In this blog post, we're going to break down what NFTs are, and more importantly, why they matter. So whether you're a streamer looking for a new way to engage your audience or just curious about the latest tech trend, read on! You won't regret it.

Okay. NFT 101.

NFTs are digital assets that are unique and non-interchangeable. That might not sound like much, but it's a big deal. For years, we've been confined to the world of fiat currency, which is government-issued money that isn't backed by anything tangible. In other words, it's debt that we all  agree to believe has value. NFTs, on the other hand, are backed by the blockchain – a decentralized, secure network of computers that anyone can access. And because they're built on the blockchain, NFTs can't be counterfeit or double-spent like fiat currency can.

So why does any of this matter? For starters, NFTs are a new way to invest in digital assets. In the past, if you wanted to buy a piece of digital art, you had to purchase it with fiat currency. But with NFTs, you can now use cryptocurrency to buy, sell, or trade digital assets like art, music, and even gaming items.

This is a big deal because it opens up a whole new world of possibilities for artists and creators. For example, let's say you're a musician. You can now create an NFT of your latest album and sell it directly to your fans. Or let's say you're an ASMR streamer. You can now create an NFT of your content, and it belongs to one client. One client only!

(Who wants a rare Amouranth session made just for them? We do.)

Think old-school centrefolds vs. online porn. It was a game-changer, and completely brought on a new revolution in how we consume adult entertainment. No more sticky pages – just a sticky phone.

This is where we are in the tech cycle – and ladies, WAGMI.

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