Notes

The Only Guide to What is a non-fungible token (NFT)? - Hedera


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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://assets.entrepreneur.com/content/3x2/2000/1615220129-GettyImages-1140885572.jpg" alt="What's this Non-Fungible Token (NFTs) Craze All About, Anyway?"><span style="display:none" itemprop="caption">What's an NFT and How will NFT's Change Business? - Quantilus</span>
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<h1 style="clear:both" id="content-section-0">Our NFTs, explained - The Verge Diaries<br></h1>
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<p class="p__0">Unit of information that is distinct and not interchangeable A non-fungible token (NFT) is an unique and non-interchangeable information kept on a digital journal (blockchain). NFTs can be used to represent quickly reproducible items such as photos, videos, audio, and other types of digital files as unique products (comparable to a certificate of credibility), and utilize blockchain technology to develop a confirmed and public evidence of ownership.</p>
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<p class="p__1">The absence of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin. The first NFT project was released in 2015 on the Ethereum blockchain, and interest grew with the rise of interest in crypto currencies. Interest and the total financial worth of NFTs grew substantially in 2021, with sales of NFTs surpassing $2 billion during the first quarter of the yearmore than 20 times that of the previous quarter.</p>
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<p class="p__2">Description An NFT is a datum kept on a digital ledger, called a blockchain, which can be sold and traded. More Discussion Posted Here can be associated with a specific digital or physical property (such as a file or a physical object) and a license to utilize the property for a defined function.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://townsquare.media/site/366/files/2021/03/GettyImages-919078630.jpg?w=980&amp;q=75" alt="What's an NFT? A jargon-free guide to answer your questions about NFTs- by Dragos Cojocea - RebelDot - Medium"><span style="display:none" itemprop="caption">Decoded: NFTs, the Art World, and the Influence on Luxury - Jing Daily</span>
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<h1 style="clear:both" id="content-section-1">Some Known Details About What are Nonfungible Tokens? NFTs Explained - WhatIs.com<br></h1>
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<p class="p__3">NFTs function like cryptographic tokens, however, unlike cryptocurrencies like Bitcoin, NFTs are not mutually interchangeable, thus not fungible. While all bitcoins are equivalent, each NFT may represent a various hidden possession and thus have a different value. NFTs are created when blockchains string records of cryptographic hash, a set of characters identifying a set of data, onto previous records for that reason developing a chain of identifiable data blocks.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://api.time.com/wp-content/uploads/2021/03/nft-art-4.jpg" alt="nft: People are spending millions on, and talking about, NFTsWhat's this craze all about? - The Economic Times"><span style="display:none" itemprop="caption">What's an NFT? And why are people suddenly spending millions on them? - CBC News</span>
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<p class="p__4">However, information links that indicate information like where the art is kept can die. Uses The special identity and ownership of an NFT is verifiable through the blockchain ledger. Ownership of the NFT is often associated with a license to utilize the underlying digital property, but typically does not give copyright to the buyer, some contracts just give a license for individual, non-commercial usage, while other licenses likewise allow business use of the underlying digital possession.</p>
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