In this article, I want to explain short explanation about NFT. NFT stands for Non Fungible Token. It is commonly used for artists in their artworks. NFT can keep the originality, can maintain the ownership right, and also make the art transferable from one to another. Once an art has NFT, it can be managed and traced in a block-chain. The art can be sold for real money, cryptocurrency, or any other assets.
NFT is different with cryptocurrency, like for example bitcoin, or real money like US Dollar. While real money and cryptocurrency are interchangeable, NFT is unique and it is one of a kind. One an NFT Is owned, it will be change ownership and the previous owner loses his ownership. Using the same block-chain technology with cryptocurrency, but the different is NFT is non interchangeable. NFT represent a unique asset, owned by specific owner.
Are you ready for using NFT for your art?