How are you? By Allah's grace, I'm doing very well. We all have an idea about investing in NFTs but we have no idea what NFTs are. On the other hand, there is a profit to be made by investing in NFTs.

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To understand non-fungible tokens, we must first know about fungible tokens. For example, suppose I gave 20 dollars to a shopkeeper, then the shopkeeper gave me 4 notes of 5 dollars. In this case, the value of the dollar will not decrease and the note will be treated as fungible, better understand, suppose that after separating 4 bottles of oil from 20 liters of oil, the amount of oil did not decrease. This is how bitcoin works in cryptocurrency, by exchanging bitcoins we can buy bitcoins or other coins of equal value to bitcoins. So it is understood that fungible exchange can be done. Now we will discuss Non fungible tokens. Suppose you build a laptop. Now you want to make another laptop like your previous laptop but you can make a second laptop like the previous one even if you try a thousand times. Because you can't use the same things you made your laptop with at that time in your next laptop. Thus the art we see in digital media can never be altered.

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Now the question may come in mind, if we copy those arts then it will match exactly but this picture will not be like the previous picture. Because when the image was created by an artist, then if you re-draw it with the same artist, it will not be the same, these are examples of non fungible tokens. The NFT resides in the blockchain and it resides in the smart contract address and is simply called the contract address. Each NFT has specific token address and this token address is unique. NFT's art is sold by many famous artists, which results in investors buying the art at a high price and then selling the art at a much higher price. As a result investors can make a lot of profit.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.