Understanding On NFT (Non-Fungible Token)
How it works Getting started What is an NFT? NFTs prove ownership of a unique digital asset like art, music, collectibles, videos or anything else with blockchain technology. NFT stands for non-fungible token. That sounds like an intimidating technical term (no more nerd talk, promise!). But NFTs are just digital certificates of authenticity. If you buy a physical painting, you know it’s real because you see the artist’s signature on the canvas. Somebody can photocopy the painting, but they don’t own it — you do. Before NFTs, digital assets were like photocopies: You can see who posted something, but you can’t see who owns an Instagram post, Pinterest Pin or Reddit meme. NFTs are like a signature for digital items: They authenticate ownership of digital assets like art, collectibles, music, videos, in-game assets, and more. Just like physical certificates, they document: Who created it When it was created Who bought it (and when) The price(s) it solds for Who owns it now (Technically,