What is NFT

Meet Susan, an aspiring illustrator who wants to set up an online drawing gallery of all her digital artwork,

But since the gallery is online, she worries that her paintings will not be safe as anyone can easily fake or copy them.

Saving her with an idea I don’t suggest that Susan buy gifts for all

of her paintings because NFTs are trustworthy and easily transferable and will also keep ownership rights to her artwork, Susan had no idea what NFTs were

So I went ahead and explained that for NFT,

turn your digital assets into one of a kind by creating

a unique digital signature that identifies ownership of your assets which can be bought

and sold for real cryptocurrency or any other asset like a non-fungible token aka NFT non- stands

for Exchangeable tokens that they are not interchangeable and each represents unique assets owned by a particular person

on the other hand Exchangeable tokens are interchangeable and can be divided into smaller units to form the same value,

For example, a hundred dollar bill can be exchanged for

which you can exchange for fifteen twenty-dollar bills or two fifty-dollar bills,

But the painting of the Last Supper is not replaceable as it

cannot be mass-produced even if it is copied, it will not be original,

every NFT contains distinct information such as who owns the digital original

and who sold it, which makes it unique and easily verifiable because

it is impossible to forge such a certificate, it will ensure the originality of the painting.

After knowing what NFT is,

Susan was curious to know how NFT essentially creates a blockchain-based digital certificate

for your digital holdings including game music art and many more,

this certificate gives your artwork a unique identity The underlying technology

and programming language used by NFTs is the same as other cryptocurrencies like blockchain and the eth. programming language
Or script NFT is mainly located on the Ethereum blockchain

which is a distributed public ledger that records all transactions but NFT is very different from these cryptocurrencies.

The item in turn, on the other hand, the NFT is a unique token,

so if you try to trade it, you may end up with something completely different in your hands.

With the proof of ownership stored on the ethereum blockchain after exploring Helen’s

work presented Susan was convinced and bought NFTs

for all her paintings because of this her artworks were secured from any kind of counterfeiting

and also gave her artworks special value which contributed

to increased sales also as everyone could easily buy the artwork without No fear,

and her exhibition has been a complete success Simi Early NFT

has proven itself as a blessing in the lives of many others

Jack Dorsey represented

the CEO and co-founder of Twitter with his first

and famous tweet Just created Twitter and Fenech Sandarsen

better known as Mediovan who bought 69.3 million NFT art

value on people Due to its growing popularity, people are now willing

to pay hundreds of thousands of dollars for NFTs NFT, Resulting

in enhanced media exposure and special privileges for aspiring artists like Susan on social media,

This popularity of NFT creates new opportunities

for the new art platforms motivate people to buy artwork from online platforms

and promote copyright or authenticity of digital assets so here is a question for you

what makes any non-fungible item redeemable with a unique digital

signature business ability d ledger Distributed year please give it a thought

and drop your answers in the comments section

below Three lucky winners who will get Amazon gift vouchers Many experts in the crypto

industry Try to say about 40 new crypto users will use NFT as their entry point As a result of its growing popularity,

NFT could represent an even more important part of

the digital economy in the future, we hope you enjoyed this article and we will come back to you in the NFT world.