#NFTs are emerging as the first native crypto economy.
What is a native crypto economy?
✅ People selling their work,
✅ In exchange for cryptocurrency,
✅ All through Blockchain tech.
This never happened with #Bitcoin, where people buys and sells with fiat money with the only expectation of an increase in its price.
Half of the #ETH raised in NFT primary sales stays in the space. NFT projects are reinvesting most of the proceeds from primary sales back into their communities.
Technologically, NFTs are a proof of concept for what you can do with smart contracts and decentralization. And its giving birth to the first native crypto economy.