5min chapter

My First Million cover image

How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach

My First Million

CHAPTER

The Thirdmost Goggled Question Is, What Is in NFT?

A small contract attached to a block chain means that any contract in existence can now be attached to it. And smart contracts allowed an algorithm or a calculation to be made automatically and verified on the chain. An nft allows a digital asset to have scarcity, which is what makes them valuable. The next part of an nft that you say, ok, well, if we give a bunch of people these, we can now identify a community. They've only just started but i think they're much bigger than humans even realise.

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