Introduction to NFTs
NFTs, or non-fungible tokens, have been making headlines in the cryptocurrency and web3 space. But what exactly are NFTs, and why are they so popular? In this article, we'll provide an introduction to NFTs and explain why they're becoming increasingly important in the digital world. What are NFTs? NFTs are Non-Fungible-Tokens. In other words, NFTs are unique digital assets that are stored on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible (meaning one unit is interchangeable with another), NFTs are non-fungible, meaning each one is unique and cannot be replicated or exchanged for another. NFTs are unique digital identifiers that can not be copied, substituted or funged, and it’s recorded on blockchain, its uniqueness is used to certify authenticity and ownership. NFT can be anything in data form such as picture, video, audio, text and other creative media. It enables data and objects on the internet to be valuable. NFTs can take many forms...