# My knowledge of NFT

> NFT

**Published by:** [IG Sharing](https://paragraph.com/@ig/)
**Published on:** 2024-11-30
**URL:** https://paragraph.com/@ig/my-knowledge-of-nft

## Content

NFT ART NFT, Non-Fungible tokens, as a completely new form of digital asset, such as digital art works, music, videos, game items, etc., has developed rapidly in the past few years and has received a lot of attention. NFT is the combination and innovation of digital art and blockchain technology, which has the only scarcity in the digital world and is the result of the vigorous development of digital art, which has changed people's traditional cognition of art and will continue to promote the future of digital art. Each NFT is unique and cannot be exchanged with other tokens. Behind NFT is blockchain technology, typically using the Ethereum network. Each NFT is created through a smart contract, which records data such as the ownership of the asset, creator information, and transaction history on the blockchain, ensuring that the information is immutable and transparent. With NFT, artists can turn their digital creations into one-of-a-kind assets that can be sold to collectors. On the NFT platform, art is no longer simply a digital file, but a unique digital asset with ownership and scarcity. Artists can obtain higher returns on their creations through NFT, while also being able to interact directly with collectors and investors around the world, which is the perfect combination of art and money.

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