NFT, What Is


An NFT (Non-Fungible Token) is a unique token. Unlike cryptocurrencies such as Bitcoin, whose tokens all have the same value, NFTs consist of a group of digital tokens, all with a different value. The above is summarized in that they are not mutually interchangeable.


Each Non-Fungible Token represents an asset, be it a piece of art, a piece of music, an image, or other collectible valuables whether digital or not. Thus, an NFT is a proof of digital authenticity that allows the exchange of the object in question, in turn giving its license of use. Think as if a token is created that is then associated with something, representing its use and property rights, using blockchain technology, in a similar way to how cryptocurrencies do. Due to the above, the NFTs keep a record of each transaction that is carried out in a chain of blocks, so it is not possible to falsify its authenticity and the information of the transactions carried out with it.


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Author 2021-07-03