What are NFTs?

What are NFTs?

NFTs (or “non-fungible tokens”) are a special kind of crypto asset in which each token is unique — as opposed to “fungible” assets like Bitcoin and dollar bills, which each unit is all worth exactly the same amount, in terms of coin for coin or dollar for dollar. Because every NFT is unique, they can be used to authenticate ownership of digital assets like artworks, recordings, and virtual real estate as just a few examples.   

Imagine buying a piece of digital artwork on the Internet at a reasonable price and getting a unique digital token known which proves your authority over the artwork you bought. Wouldn't it be great? Well, that opportunity exists now, thanks to NFTs.


Key Features of NFT - 


  • Digital Asset - NFT is a digital asset that represents Internet collectibles like art, music, and games with an authentic certificate created by blockchain technology that underlies Cryptocurrency. 

  • Unique - It cannot be forged or otherwise manipulated. 

  • Exchange - NFT exchanges take place with cryptocurrencies such as Bitcoin on specialist sites.

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