Home Lifestyle What is NFT? – Forbes France

What is NFT? – Forbes France

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deviation NFT You know ” Non-fungible symbolThe adjective “fungible” is an economic term that denotes a property or asset that can be exchanged for another property or asset of the same value. A “non-fungible” item cannot be substituted for something of equal value. a An NFT is a digital file attached to a digital certificate of authenticity, which makes it unique and immutable. By obtaining an NFT, the buyer becomes the exclusive owner of a digital asset: a painting, video, photograph, meme, video game item, movie, etc.

NFTs chiefly method, is the authenticity guaranteed by a certificate secured by the blockchain. NFT guarantees sole ownership of a digital asset. NFT can be bought at a certain price, but the fact is that it is Not replaceable Its market value is allowed to fluctuate. The blockchain is a guarantee that these objects cannot be reproduced (without a time limit). This is also why NFTs are so popular in the mainstream art world because originals, like old master paintings, are one-of-a-kind reproductions. The rise in popularity of blockchain technology is due in part to its ability to maintain the integrity of assets by storing a record of every transaction that takes place. NFTs are stored in the same way as cryptocurrencies are stored in a password-protected digital wallet.

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