PowerFan Basics — What are NFTs?

You’ve probably seen a lot about NFTs or non-fungible tokens in the news if you follow any of the sites that cover blockchain technology and crypto. And perhaps you’ve been curious on what’s behind these things, like a $69 million sale of a piece of art as an NFT or NBA Top Shot that has certain highlights from games and certain players that you can buy their digital cards.

Well, non-fungible tokens or NFTs are digital assets that exist on the blockchain as a secure way to both store and transmit value, meaning people can buy and sell them and you can see a record of custody from when it’s been created to the present time, as well as a transaction history and see how an asset has gone up or down in value over time.

And while many companies are focusing on art and using NFTs to sell digital art of some kind or a video game where NFTs are a player that’s ascended to certain levels or a certain asset or tool that you can use within the game. These are most of the NFT operating companies out there today. But what we do at PowerFan is a little bit different in the sense that we focus on authors, content creators, experts, influencers, people who have an audience, and that regularly engage, train, speak to, interact with, coach other people. And we are seeking to be the leader in value added NFTs. So working with these creators to create unique digital assets and experiences that their fans, their audience, will really love and get value from, but that also creates ongoing revenues and royalty streams, and ways to earn money in new ways with your existing content. We’re really passionate about this at PowerFan, and we see an opportunity to be the leader in value-added NFTs and digital assets.

If that sounds interesting to you, come to PowerFan.io, learn more and register an account to start creating today. Thanks and remember, creators and fans: you have the power now.