There has been an influx of questions related to Non-Fungible Tokens here on ELI5. This megathread is for all questions related to NFTs. (Other threads about NFT will be removed and directed here.)
Please keep in mind that is **not** the place for investment advice.
**Do not ask for investment advice.**
**Do not offer investment advice.**
**Doing so will result in an immediate ban.**
That includes specific questions about how or where to buy NFTs and crypto. You should be looking for or offering explanations for how they work, that’s all. Please also refrain from speculating on their future market value.
[Previous threads on cryptocurrency](https://www.google.com/search?source=hp&ei=8dRMYN7VA5HgxgHVgJjIAQ&iflsig=AINFCbYAAAAAYEzjAYhPbtW3NtqQR7QGpzW3l3pV3hc_&q=site%3Areddit.com%2Fr%2Fexplainlikeimfive+crypto&oq=site%3Areddit.com%2Fr%2Fexplainlikeimfive+crypto&gs_lcp=Cgdnd3Mtd2l6EAM6CAgAEOoCEI8BOggIABCxAxCDAToFCAAQsQM6AggAOggILhDHARCjAjoLCC4QsQMQxwEQowI6BAgAEAM6AgguOgsILhDHARCvARCTAjoICC4QsQMQgwE6DgguELEDEIMBEMcBEKMCOgUILhCxAzoOCC4QsQMQxwEQowIQkwI6BAgAEAo6BQgAEMkDOgUIABCSA1CgCFiUYmCkgAFoCnAAeACAAc8BiAGpFZIBBjQyLjMuMZgBAKABAaoBB2d3cy13aXqwAQg&sclient=gws-wiz&ved=0ahUKEwieku3hxa3vAhURsDEKHVUABhkQ4dUDCAg&uact=5)
[Previous threads on blockchain](https://www.google.com/search?source=hp&ei=BdVMYPjdD-eLwbkP29SG6As&iflsig=AINFCbYAAAAAYEzjFWaH1jXfddRljjg4ZIUpUk6dyUzY&q=site%3Areddit.com%2Fr%2Fexplainlikeimfive+blockchain&oq=site%3Areddit.com%2Fr%2Fexplainlikeimfive+blockchain&gs_lcp=Cgdnd3Mtd2l6EAM6CAgAEOoCEI8BUNUDWJcZYKUbaAFwAHgAgAF5iAGoBZIBBDExLjGYAQCgAQKgAQGqAQdnd3Mtd2l6sAEI&sclient=gws-wiz&ved=0ahUKEwi49L3rxa3vAhXnRTABHVuqAb0Q4dUDCAg&uact=5)
In: Economics
What I don’t quite understand is how new ntf’s get added/authenticated, because I thought the whole idea of the blockchain tech was to stop people adding to the ledger (idk the proper term for it). And then assuming you can ‘add to the ledger’ for new works, how does it then distinguish between new works and false replicas?
Latest Answers