Non Fungible Tokens (NFT) for Beginners
Non-fungible tokens (NFTs) are digital assets that are used to represent ownership or authenticity of unique items, such as art, music, videos, and even tweets. Unlike other cryptocurrencies, NFTs are not interchangeable, meaning that each token is unique and cannot be replaced or exchanged for another asset of equal value. This characteristic has made NFTs a popular tool for artists and creators to sell their digital works and retain control over their intellectual property. One of the key features of NFTs is that they are built on blockchain technology, which is a decentralized digital ledger that records transactions in a secure and transparent manner. This ensures that each NFT is authenticated and cannot be duplicated, making it a powerful tool for proving ownership and creating scarcity. NFTs are typically bought and sold using cryptocurrencies like Ethereum, and transactions are recorded on the blockchain, making them immutable and verifiable. NFTs have gained significant att