What is NFT?

in #bitcoin3 years ago

Hey Fellas,
I have got an interesting info to share with. Nowdays in this era of blockchain technology we all more or less have heard about crypto-currencies like bitcoin and other coins (Hive is also a blockchain based platform :3) where countries like El- Salvador are shifting on cryptocurrency at a full scale. The term NFT(Non Fungible Token) is also getting viral in the vurtual world, many of us are also familiar with NFT but those who still doesn't know what the heck NFT is, my todays blog is for them.

In my opinion if someone asks me to describe NFT in one sentence i will say, "NFT is really Crazy stuffs". NFT means the digital form of collectibles stored in blockchain in the form of tokens which is Non Fungible that means you can't swap or compare with one another they are unique. Ok enough random talks now let's head straight to the analytical theory:

A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.

What makes it so popular?

Well the idea of storing something on Blockchain made it so much popular where a creator can show his full skills with his ownership announced, easy to access but can't be stolen

How can you create an NFT?

We will discuss it later on.

For today that's enough.
(NOTE: All my info's are taken from dufferent websites for research purpose)
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