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What is NFT?

Lately heard more about NFT's. Many investors are investing in assets based on NFT. What is it?

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. Each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another.

 

NFT stands for Non-Fungible Token, it's like a stamp of ownership that can't be tampered with. NFT's validate the ownership of digital assets and art own in the digital world.

NFT are token which validates the ownership of your digital assets. They are proof of authenticity.

NFT's are basically tokens developed around Ethereum. They provide proof of ownership of virtual assets. This has sparked the entire digital

If you have excess cash and want to invest them into digital art. Then you can buy an Nft which proves that you are the rightful owner of the artwork. You can buy music  Nft works from your favorite artists.

Most popular NFTs are music and artwork.

NFT is also an excellent way to control supply of digital content, which is key to driving up its price. Because it attributes one owner to one piece of content, even if others can see the NFT, only one person can own it.

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