ART NFT I CREATED ON 09-04-2022
Introduction
Good morning everyone I believe everyone is having a joyous day, it's my Joy spending time here everyday to while passing knowledge, today I am going to tell us about NFT and the the future.
Morning
Yesterday when I wake up in the morning brush my teeth, bath do morning worship and take breakfast, thereafter I began a very hectic activity that's creating NFT. The question is what is nft?
NFT means Non Fungible Token, To understand it better, let's first of all, get the meaning of the word “Fungible”.
Fungible is an English word that means Something or An Object that is able to be substituted for something of equal value or utility, with no single, restricted, limited or proprietary ownership.
In the context of this subject we are dwelling on right now, it therefore means an asset that can be substituted as another assets or replica of equal value or utility. Example of this set of token could be Bitcoin to Ethereum to Usdt and Busd or other virtual assets with no restricted and proprietary ownership.
Afternoon
REAL ESTATE NFT
Still in the process of explaining details about NFT, all of us knows crypto currency started 2009 when Bitcoin was first created and since then crypto adoption has been in the increase till date
Now what about NFT? Non Fungible Tokens first popped up in 2017 in the name of Cryptopunk on the Ethereum Blockchain. Since then, NFT has evolved and is now one of the major Blockchain and crypto trends for the year 2022 and beyond. The question now is what really does NFT look like? As those pictures here attached with this article shows Non fungible token are made up of digital artwork, real estate, event tickets, etc.,
NFTs are created with unique smart contracts and IDs as a unique digital collectible of a physical asset.NFTs are therefore digital representation of a real world assets on the Blockchain and can be confirmed as authentic with single ownership at a time.
In summary, NFTs are indivisible and indestructible with verifiable ownership, and can be traded, purchased or sold bearing the subject of this article in mind, we will explore to the point of fractionalized NFT or ( F-NFTs )in subsequent articles.
Please enjoy your reading and stay tune for the next article in this series.