What is NFT? Non-Fungible Token explained with animation | #engineering #technology #techinaminute

Показать описание

What Is a Non-Fungible Token (NFT)?
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.

➡️ NFT is a unique digitally stored token which gives the ownership of a digital asset

➡️ A digital asset can be anything from an image, gif, video to a film script or complex AI code.

➡️ Without NFT, it was very hard to keep ownership and copyrights of digital assets safe.

➡️ As you can make any digital asset into NFT, you can easily trade it with others or give permission to access.

➡️ Even if there are duplicates, you have the NFT which proves the originality and ownership.

Have more questions and doubts on NFT?
Shoot in comments.

#nft #nftart #crypto