What is NFT and how does it work?
What is NFT and how does it work? NFTs are individual tokens with valuable information stored in them. Because they hold a value primarily set by the market and demand, they can be bought and sold just like other physical types of art. NFTs' unique data makes it easy to verify and validate their ownership and transfer of tokens between owners. Is Bitcoin an NFT? For example, Bitcoin is not an NFT. But a one-of-a-kind piece of art is non-fungible. You cannot replace it. If you trade it wi...
What is NFT and how does it work?
What is NFT and how does it work? NFTs are individual tokens with valuable information stored in them. Because they hold a value primarily set by the market and demand, they can be bought and sold just like other physical types of art. NFTs' unique data makes it easy to verify and validate their ownership and transfer of tokens between owners. Is Bitcoin an NFT? For example, Bitcoin is not an NFT. But a one-of-a-kind piece of art is non-fungible. You cannot replace it. If you trade it wi...
