RE: Steemit Crypto Academy Contest / S2W4 - What are NFTs. by @drqamu

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Steemit Crypto Academy Contest / S2W4 - What are NFTs. by @drqamu

in hive-108451 •  2 years ago 

Non-fungible token is a unique, non interchangeable and non tangible digital code recorded on blockchain that represent some underlying art work , audio , vedio or photograph etc .

The quality of post is evident by your definition . You have give a gist of whole topic in your definition . Amazing !

NFTs don't have their intrinsic value instead they derrive their value from underlying asset

NFTs are digitaln data storage unit . Right ?

IPFS, which stands for InterPlanetary File System, is a web based decentralized file storage , sharing and retrieving protocol aimed to ensure secure storage and quick retriev

can we say that , IPFS is a complete comnunicatio protocol .

Good luck bro

hive-108451
2 years ago by

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      ·  2 years ago 

    The quality of post is evident by your definition . You have give a gist of whole topic in your definition . Amazing !

    Thanks for compliment .

    NFTs are digitaln data storage unit . Right ?

    Yeah in a way we can say that where data would refer to underlying entity .

    can we say that , IPFS is a complete comnunicatio protocol .

    Yes you are right . It is so

    Thanks

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

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