How to NFT?
How do Non-Fungible Tokens Work?
NFTs are digital directories that are powered by a blockchain system which is the same infrastructure that characterizes common cryptocurrency. However, an NFT is a unique kind of cryptocurrency, and the blockchain database on which it is stored authenticates whoever the legitimate holder of that cryptocurrency.
The NFTs are considered an element of the Ethereum blockchain that is like any other cryptocurrency. Before we understand what NFT is, let’s look at the underlying technology behind NFTs which is Ethereum.
What is Ethereum blockchain?
After Bitcoin, Ethereum is the second-largest blockchain by trading volume. However, it wasn’t even designed to serve only as an electronic currency. Alternatively, Ethereum’s creators decided to create a different type of international, distributed computing platform. This will introduce blockchain’s protection and transparency to a wide variety of applications.
Different finance resources, apps, and complicated systems are already running on Ethereum and only the creators’ ideas are restricting its possible potential. Ethereum will be used to formalize, decentralize, preserve, and exchange almost anything,
