What is an NFT?
An NFT or "non-fungible token" is a special type of digital asset that represents unique ownership of a specific item – whether it's an image, video, piece of music, or even a tweet! Unlike cryptocurrencies like Bitcoin or Ethereum, an NFT cannot be exchanged for another similar one, as it is unique.
Why have NFTs become popular?
Through blockchain technology, it has become possible to prove reliable and tamper-proof digital ownership. This is what has allowed artists, creators, and even athletes to use NFTs to sell their works directly to their audience.
Real Uses:
Selling Digital Artwork
Blockchain-based games (like Axie Infinity)
Digital ownership proof in virtual real estate (Metaverse)
Challenges:
Price volatility
Intellectual property rights issues
The environmental impact of some networks
🟢 Summary:
NFTs are not just a "temporary trend"; they are a revolution in the concept of ownership and the digital economy.