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A COMPLETE GUIDE ON NFT (NON-FUNGIBLE TOKEN)

The emergence of Bitcoin introduced the idea of trustless digital scarcity. With the advent of blockchain technology, digital scarcity has become possible and is being used for linking the digital world with the real world. Non-fungible tokens (NFTs) are based on a similar concept. The value of an NFT depends on the quality, scarcity and mainly rarity. It is a type of cryptographic token that depicts a unique asset. Those assets can be either complete digital assets or tokenized versions of real-world assets.

NFT uses Blockchain to link with a digital asset that no one can duplicate. Since they are not interchangeable, they may prove ownership and authenticity within the digital world.

NFTs have become one of the critical building blocks of a new Blockchain-enabled digital economy. Numerous use cases of NFTs in different domains are being developed and tested, such as crypto art, gaming, finance, digital identity, insurance, certificates and licensing.



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  1. Laila SinghFebruary 2, 2022 at 12:05 AM

    "Best Blockchain App Development : Blockchain and NFT is a thriving technology helping businesses empower their growth, get your business the best blockchain app development and NFT Marketplace Development Company
     with Hashstudioz Technologies ."

    ReplyDelete

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