❇️The Basics of Non-Fungible Tokens (NFTs)
🖼️ NFTs: Your Digital Certificate of Ownership Explained! 🔑
✳️You've seen the hype, but what exactly is an NFT? It stands for Non-Fungible Token.
❇️What does "Non-Fungible" mean?
✳️Fungible (Like Bitcoin/Cash): You can exchange one $10 bill for another $10 bill, and the value is exactly the same. They are interchangeable.
✳️Non-Fungible (Like a painting or a house): They are unique and cannot be replaced by another identical item. Each one has a different value and set of properties.
✨ How NFTs Work:
✳️An NFT is a piece of data stored on a Blockchain (like Ethereum or Solana). This data is a unique identifier (like a digital serial number) linked to a digital asset, such as:
✳️Digital Art 🎨
✳️In-Game Items 🎮
✳️Music 🎶
✳️The NFT proves you are the sole, verifiable owner of the original digital file. Think of it as a Certificate of Authenticity on the blockchain! 🤝
