What is NFT? Non-Fungible Token explained with animation |
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
