We download NFT images in a click, then what is the meaning of non-fungibility.
Non-fungible more or less means that it is unique and can not be replaced with other things.
The opposite of this is Bitcoin which is fungible, if you trade 1 bitcoin with other you will end up having the exact same thing.
But if you trade one NFT for another (even though they look exactly the same) you will have a completely different thing now.
Ok, now I got it but, NFTs which got sold in millions I download those in a click. What about it?
You can download a digital file as many times as you want but you can not have one thing which is ownership of work. You can not take ownership of that digital art.
For example, at this moment you can print the picture of Monalisa and put it in your room but you can not be the owner of that particular painting.
Understand NFT like this, we add a certificate in digital goods which says about its authenticity. This increases the value of that digital art and reduces piracy as well. This is not perfect yet but, it gives a tool to the digital artists which helps them to sell their authentic art.
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You can check the video version of this article in Hindi here.
Thanks.
