What is an NFT?

If you know of Regency Wealth Management but you’re new to this site, you may be wondering just what an NFT is.

NFT stands for Non-Fungible Token – designed to give an individual something that cannot be copied, traded, or exchanged. However with the iNFT®, you the client, own the full intellectual property (IP) rights. Giving you an advantage over other NFT projects, plus the ability to commercialise your iNFT® purchase. This is due to NFTs being created (minted) on a blockchain i.e. Ethereum, where they are distinctly identifiable.

Common examples of NFTs are artwork, poems, apps, games and songs. NFTs are listed on a platform and they can be bought and sold using cryptocurrencies (depending on which blockchain the NFT has been minted on).