NFTs: How They Work and What Can Go Wrong

What this lesson covers

• What an NFT is and how it differs from a regular token
• Well-known collections such as Bored Ape Yacht Club and CryptoPunks
• Marketplaces: OpenSea, Magic Eden, Blur
• Floor price and rarity traits, and why thin markets make prices unreliable
• Trading terminals such as Tensor
• How NFT collections are created
• NFTs as loan collateral (Arcade) and the liquidation risk that comes with it