#457 new

What is NFT Token?

Reported by bessiejoans | April 23rd, 2021 @ 03:20 AM

NFT Non-fungible tokens are a digital asset to be unique and therefore not interchangeable. they are the virtual assets used to hold some values like ownership for artists for their songs, photos, music, etc
It enables the ownership of their digital assets on the blockchain and is not restricted to the buyer of the NFT.
Anyone can get a copy of the digital asset through NFT tokens.
NFTs have Unique features that distinguish them from other tokens:
Uniqueness. Every NFT token is a different asset and it has an individual set of metadata.
Indivisibility. NFT cannot be split into smaller categories.
Authenticity. Every NFT has an owner and this information is simply provable.
Non-interoperability. One NFT is not equal to another NFT, It is unlike other Crypto tokens and crypto tokens are interchangeable.

In current trends, NFT tokens are growing rapidly and have become significant among the digital assets and have the value of $250 million, and the total number of active wallets performing NFT transactions increased by 97% in 2021.

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NFT Marketplace Development

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