The Basic Knowledge about NFT

NFT stands for a non-fungible token, which means it can neither be replaced nor interchanged because it has unique properties.

These are based on the blockchain technology and Cryprocurrencies works on this blockchain technology

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NFTs can digitally represent any asset where the ownership lies within the owner who procures it

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Its basically a Online Digital Asset that represents real-world objects like art, music, in-game items and videos.

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NFTs are designed to give you something that can not be copied

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The process of creating NFTs is called minting

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Minting refers to a process of turning a digital item into a digital asset using blockchain technology

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NFTs are extremely trustworthy, secure and are mostly end to end encrypted

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NFTs guarantee artists full control over who gets access to their art.

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Hope you people found the story informative. For more such interesting stories, click on the link given below

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