NFTs | Non-Fungible Tokens

in hive-145160 •  3 years ago 

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We all have heard the term NFTs who are well known for cryptocurrencies. NFT stands for Non-Fungible Token. So, what does it mean by Non-Fungible Token? In the shortcut description, it's a unique digital identifier that can not be copied, substituted, or subdivided because its data has been recorded in the blockchain. For this reason, it can give a guarantee for authenticity and ownership.

NFTs have opened another possible bright future for artists and creators. basically, anything can be converted into an NFT item. Starting from images, digital art, drawings, gifs, videos, audios, etc. Even your tweet can be converted into NFT.

Creating NFT is much easier. Nowadays there are the most popular two blockchains where people create their NFTs. Based on these blockchains network there are plenty of NFT marketplaces. Etherium and Binance Blockchain are the most popular in the NFT world.

Binance NFTs, OpenSea, Rarible, Foundation, SuperRare, Nifty Gateway, Axie Infinity, Mintable, etc are the top marketplaces for NFT work.

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Today I bought my first NFT item on Binance. I am quite happy that I have something like this. Although I am not an NFT creator. But at least I have an NFT asset.

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This is really interesting in the NFT marketplace, if you buy an item you can sell it again. You can even put your item in the auction for selling at higher prices in the marketplaces.

Thanks, for reading my post. Hope that you have learned something useful about the NFT world.😍

Expecting curation support from:
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@steemcurator01
@greenman

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I can recommend a great site that you can use to record the value of collateral on any property using the ZKP-NFT shells and other smart contract options. Initially, the project is built on EVM-compatible blockchains, but the plan is to introduce solutions using other decentralized systems (Solana, Cosmos, Polkadot, Zilliqa, Flow, WAX, Algorand, etc.) later on.

Great article! I can add that smart NFT or NFT 2.0 have already appeared . This is even more interesting and exciting. In addition, on this site you can easily test new features for NFT .

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