What Do You Know About NFT’s?

An Introduction to NFT’s

Non-Fungible Tokens, or NFTs.

Non-Fungible Tokens, or NFTs.

• What Are They?

NFTs are a new type of digital asset that represent something unique.

They are also stored on the blockchain and can’t be copied.

Unlike traditional fungible assets like Bitcoin or Ethereum, each NFT is unique and cannot be replaced by another identical object.

This makes them ideal for tracking ownership in the physical world as well as digital!

How it works.

NFT’s are stored on the blockchain and they are unique.

They cannot be duplicated and they can only be purchased once, unlike bitcoin or other cryptocurrencies which can be copied many times over.

This is because NFT’s are stored on a decentralized ledger and not by an individual or company.

This means that no bank or service provider will ever have control over your NFT’s, making them more secure than traditional currencies such as dollars, pounds and euros.

Your ownership of an NFT is tracked by its unique ID number which is stored permanently within the blockchain (this number gives each item its own identity) — so even if someone…