Why Do People Buy NFTs?

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The blockchain enables NFTs to be publicly authenticated without a centralized authority, and serve as a digital signature to certify ownership and originality. However, much of the hype surrounding NFTs has come from the ability to flip them for profits...

Why is Ethereum used for NFTs?

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Nonfungible tokens (NFTs) are compatible with any Ethereum-based project. You could, for example, trade a piece of a portrait for a ticket! Most NFTs are part of the Ethereum blockchain at a high level. Ether (ETH), like Dogecoin (DOGE), is a cryptocurrency, but the Ethereum blockchain also enables these NFTs, which store additional information that allows them to function differently from digital currencies.

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