WHAT IS NFT?
WHAT IS NFT? EVERYTHING YOU NEED TO KNOW ABOUT NON-FUNGIBLE TOKENS. NFT or Non-Fungible Token is leading the way in today's technology world. Against a backdrop of limitations among professionals, NFT expands its boundaries and gives celebrities the opportunity to penetrate them. Image Credit- BBC News What is NFT? NFTs are digital assets that represent real-world objects such as art, music, in-game elements, and videos. They are bought and sold online, often using cryptocurrencies, and are usually encrypted using the same basic software as many cryptocurrencies. Although it has been around since 2014, NFT is now gaining prominence as it is becoming an increasingly popular way to buy and sell digital artwork. As of November 2017, a staggering $174 million had been spent on NFT. NFTs are also usually unique, or at least one of a very limited number, and have a unique identification code. “Basically, NFT is creating a digital shortage,” said Ari Yu, chairman of the Cascadia Blockchai...