
Anatolii Siryi
@tgray
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NFTs (Non-Fungible Tokens) are unique digital assets that represent ownership or proof of authenticity for a specific item or piece of content. They are used in art, music, gaming, and virtual real estate. NFTs are an intriguing blend of art and technology! π¨π
How Do NFTs Work?
Tokenization: An artist, creator, or content owner mints an NFT by tokenizing their work on a blockchain (usually Ethereum). This process involves creating a digital certificate of authenticity that links the NFT to the specific item (e.g., artwork, music, video, virtual real estate).
Ownership and Transfer: Once minted, the NFT can be bought, sold, or traded on NFT marketplaces. Ownership is recorded on the blockchain, providing transparency and security.
Metadata: NFTs often include metadata (additional information) about the item, such as the creatorβs name, description, and provenance. 0 reply
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