What is NFT ?
Once the NFT (Non-Fungible Token) is uploaded to the blockchain, it cannot be modified or edited. In this regard, they have the value of being unique. For example, when an artist or person converts their work to NFTs, these NFTs cannot be changed. NFTs have a proprietary, copyrighted digital signature. In the sales made from the NFT in question, the owner of the NFT is paid royalty fees in crypto.
NFT stands for non-tradable tokens.
NFT means converting artworks to digital and selling them digitally. The most important feature is that it is unique. NFTs use Blockchain technology, just like Bitcoin and Ethereum.
To give an example of being unique, we can see Leonardo da Vinci’s “The Last Supper” or “Mona Lisa” in many places. Phone cases, clothing design, photos shared on social media. However, these works will always be a “unique” original, and the others are just copies. That’s what makes unique work valuable. NFTs are similarly unique; they cannot be duplicates of one another.