NFT's: Non-fungible Token

What the heck is an NFT

What makes it valuable and beneficial?

Why should I want an NFT?

Who can Make an NFT?

An NFT is a non-fungible token, more valuable than a JPEG. It means you have digital ownership (“digital asset”) of a craft of digital art, music, Games, images, films, internet memes,  etc.

The value of the NFT (Non-fungible) is established by ownership, and by what the NFT represents such as its unique creation, that cannot be substituted or copied NFTs are defined as one-of-a-kind.

For example, to make it plain an NFT is like a photo of your fingerprints or a famous piece of art that cannot be traded. However money in the United States is unreplaceable, but it can be traded. NFTs are not valued the same. If you are the owner of an NFT it gets recorded in the blockchain (a growing index of records named blocks, is proof of  certified authenticity, and ownership, and can be transferred by the owner, permitting NFTs to be marketed and traded(sold.) NFTs can be created with a bit of coding or none at all, children can create NFTs.

Public ownership of an NFT means more than blockchains and certificates of ownership learn as much as you can about the ledger of records,NFT Copyrights, Web3, cryptography, the economic bubble, Fees,  Plagiarism and fraud, and schemes, and the difference between cryptocurrency and cryptography. 

For more information and references visit: https://www.merriam-webster.com/dictionary/NFT

Written by Anita Johnson-Brown

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