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    Home»Memes»What is an NFT? Annoying Orange NFT explained!
    Memes

    What is an NFT? Annoying Orange NFT explained!

    Brooke HarrisonBy Brooke HarrisonApril 12, 2021Updated:April 13, 20211 Comment2 Mins Read
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    If you have been on Twitter today, you may be wondering a few things… What is an NFT? Why is NFT trending with Annoying Orange? And why has this topic sparked controversy? These topics are explained below.

    What is an NFT?

    NFT stands for Non-fungible token.

    As it is non-fungible, this means it is unique and can not be interchanged. An NFT is a type of cryptocurrency. In simple terms – a cryptocurrency is a currency used online which instead of actual money, uses digital files. This sounds daunting at first, but it’s pretty simple once you get the essence!

    For Example, owning an NFT is just like owning a physical item such as a painting, however you own a digital file instead. NFT’s are anything which hold value, are unique and can be stored digitally.

    See also  TikTok: How to join the 'can I get a number one with lemonade' singing trend

    Why is NFT trending with Annoying Orange?

    On April 11th, the Annoying Orange Twitter account announced they will be releasing an NFT, which will be a 4K remaster of the original video which started Annoying Orange.

    https://twitter.com/annoyingorange/status/1381363954618834946

    Those who buy the NFT will earn ownership of the assets, this is because the ownership is shifted to the buyer rather than the creator.

    Why has Annoying Orange NFT sparked controversy?

    They have received backlash from Twitter users, who have expressed their concerns over the announcement.

    sincerely hope the annoying orange team loses all their money and becomes bankrupt for making an NFT 😇

    — bun (@bunzelwunzel) April 12, 2021

    The annoying orange nft isn't even worth it.
    do not destroy the environment for this garbage

    — 💗Amy💗 (@ReaperAngel06) April 12, 2021

    Annoying Orange trying to make itself relevant again with NFT's. You've made my childhood a nightmare bro just die already

    — GoldChum (@ChamChump) April 12, 2021

    NFT’s are extremely bad for the environment, which is why many users are upset that Annoying Orange are jumping on the bandwagon.

    See also  Twitter: What does /p mean and how to use it

    They’re bad for the environment due to having a huge carbon footprint from being stored in the blockchain of Ethereum Cryptocurrency.

    Comment below your thoughts on NFT’s and if you agree with Annoying Orange promoting this. Do they deserve the backlash? Let us know!

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