Shaian Mohammadi served as a Paralegal and Admin Strategist at DealerXT Technology, while also working concurrently in the investment and cryptocurrency worlds. As a graduate of California Western School of Law, Mohammadi has a law degree and recently sat for the bar exam.
As Forbes recently explained, NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum. According to Forbes, each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another.
However the utility is endless. As new crypto startups launch every day, NFTs will utilize augmented reality (“AR”) technology in order to create new revenue streams whether for digital ID or the ad space for the masses. NFTs soon will also be able to save a person’s life by utilizing the Ethereum blockchain and make medical transfers seamless.
*None of this should be construed as legal or financial advice. Please seek qualified and licensed specialists.