NFT is the word of the year. Find out what it means here.

This fun pop tart kitten is famous as an early NTF art piece that sold for some serious scratch.

As part of our Entar membership-based investment newsletter, here is another installment of investment ideas beyond real estate.

What Are Nonfungible Tokens? How Do They Work? 

NFT art and collectible items have gone mainstream with breathtaking speed. We now have a better idea of why. Nonfungible tokens are fun, visualizable, culturally relevant, and they’re easy to understand in a way that many blockchain concepts are not. One popular urban dictionary has gone to crown NFT, the word of the year, beating out crypto for the title.

To start, NFT“nonfungible” means one of a kind, so NFTs are unique and cannot be replicated or replaced with anything else.

If all that an NFT signifies is a digital asset, meaning intangible, why are people spending millions on it? They spend so much because an NFT allows the buyer to own the original item. Also, it contains a built-in authentication, which is the proof of ownership for the buyer. Most collectors value these “digital rights” more than the item itself.

What Is NFT?

The word “nonfungible” means one of a kind. NFTs are digital assets that represent real-world objects like music, art, digital avatars or images, videos, or any other collectible items but cannot be duplicated. They are backed by blockchain technology. They have been around since 2014 but have gained popularity only now. 

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For much more profound insights into case uses for NTF’s beyond novelty. Check out one of the source articles for five exciting ideas about where NTF could go next.

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Crytocurrency is most often used to purchase NFT items. They both use blockchain technology

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

The South East Asian Food Connections in Santee Passage Near Santee Village Lofts and Condos

Eckardt Building (Santee Village) Downtown Los Angeles

The Santee Passage food court probably isn’t where you’d expect to find some of the most delicious Thai food in Los Angeles, but that is where you’ll find Downtown’s Holy Basil. Using high-quality, locally sourced ingredients, chef Wedchayan “Deau” Arpapornnopparat and partner Tongkamal “Joy” Yuon regularly inspire revelations in Southeast Asian flavor and spice with their version of takeout favorites like pad kee mao and green curry. Available for takeout and delivery.  Details

Santee Passage, is a food court in the bustling Fashion District in Downtown sometime early next year. Unlike some of the other lesser projects LA is being populated with of late, this one comes with some of the most experienced food hall curators in the business.

Are you looking to find a Historic industrial live/work loft? Eckardt Building residents enjoy Holy Basil and all of the Santee Village amenities, including a swimming pool, hot tub spa, rooftop sun deck, fitness center gym, half basketball court, golf driving range, food court, etc. wine market. 24-hour security patrol. This property, located in the heart of the Historic Core, is walkable to countless Fashion District shops, restaurants, coffee, bars, pubs, entertainment, and transportation. Mills Act Property Tax Benefits. Call Corey (213) 880-9910. | DETAILS

#fashondistrictlofts #santeepassage

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There’s a Stumptown Coffee coming right around the corner, and Sonoratown is already winning awards and turning heads with their northern-Mexico style tacos from a tiny storefront on 8th Street. It’s also worth noting that, while the names are similar, this Santee Passage project is in no way connected to Santee Alley, a long-running outdoor bazaar in the same Fashion District area. The Passage project is a couple of blocks to the north, and won’t open until sometime early next year.

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Santee Passage a Food Court and source of all things tasty

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.