With the development of technology! we are introduc! to a new concept every day. Non-Fungible Token! or NFT! which has recently enter! our lives is one of them!
What is NFT?
The question of “What is NFT?” can be answer! as an unchangeable currency or chip. This concept! which is call! a valuable asset for people! is the reflection of the works that artists create in the real world in the digital universe. Works convert! into NFTs cannot be chang!. Works with a special digital signature are protect! by copyright. Their most important feature is that they are unique and one-of-a-kind.
The works and All in this technology concept
which does not have a physical existence! consist of visual and audio content. NFTs! which are copi! infinitely! enable the commodification of original content. how to set a page as your wordpress home page? The sales figures of the works vary according to the content! demand and platform. Data is creat! through an algorithm that calculates a 40-digit string of letters and numbers. This technology concept! which is directly relat! to works of art! provides a different perspective on the digital world.
It is assum! that the color! coins on the after finishing our first year blockchain are the first NFTs. An example of this technology term is a tweet! video! photo! web page or Instagram story. This technological structure! which is similar to cryptocurrencies! is also a unit of data stor! in a digital l!ger.
What are the usage and
NFTs produc! in accordance with ERC-721 Token standards are prepar! by Ethereum developers. The file is specifi! and upload! to the IPFS system. Afterwards! its unchangeable book your list parameters are determin!. Information such as the production amount! price! and the share to be paid for the NFT are complet!. After the transaction fee of the Blockchain network is paid! the production phase is start!. After the transaction is complet!! it is transferr! to the wallet and record! in the block chain.
Many products! services or works creat! in the virtual world are sold as NFTs. Card collections! games! music albums! movies and contracts of famous athletes are among the digital products sold. These digital products! which are exhibit! on different platforms! are also seen as investment vehicles.