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 the 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 have risen in popularity in the mainstream art world because, like old master paintings, originals 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 the history of every transaction made. NFTs are stored in the same way as cryptocurrencies are stored in a password-protected digital wallet.

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