NFT is a unique digital asset. NFT refers to any unique (special) object. This object can be any type of painting, photo, song, art, game, video, GIF, text, image, meme, etc. Each NFT is different. There are different types, it can also be called digital token, such objects and arts come under NFT.
It is very difficult to replace it, just as a person having more wealth proves him to be rich, similarly any person having NFT shows that he has a unique digital object. That is such an object that only that person in the world can have.
It cannot be exchanged, as the value of each NFT is different. The NFT cannot be touched, Because it is in a digital form, the value of NFT is determined according to the uniqueness of the goods and the demand. In simple language, the meaning of NFT is a particular commodity, it includes such digital goods which have no other copy or are very difficult to copy.
Friends, everyone has Cricket Bats, but the bat with which MS Dhoni won the World Cup by hitting a sixer in 2011, that bat has a different identity, that bat is unreplaceable, no normal cricket bat can take the place of that World Cup bat.
Dhoni decided to make a digital token (NFT) of that World Cup Bat and sell it and whoever has this token will be the owner of that World Cup bat. Thus, to get ownership of a unique object, we must have its token (NFT).
Under the type of NFT, such NFTs are selected which can be bought and sold, at present there are total 13 types of Nifty available, in future it may be more or less.
- Sports Memorabilia NFT
2. Tweet NTF,
3. Meme NFT,
4. Non Physical Arts NFT,
5. Virtual Game Assets NFT, etc. Reading continue
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