Confused about NFTs?Here’s what you need to know!
Beeple’s “Everydays: the First 5000 Days” were being sold as an NFT for over $69Million on Christie’s. Could you ever imagine what NFT brings to the fold and causing people to go crazy over it?
What is NFT?
NFT is technically an acronym for “non-fungible token,” which uses blockchain technology to protect data.
What are NFT’s applications?
“Non-fungible token” as a term itself may be a little hard to understand, but NFT applications are mostly being deployed in the arts and crafts field, with many artists and musicians recently combined their works with NFT in various forms.
After LINE entered blockchain technology research and development in 2008, the Japanese industry is hopeful about the future of NFTs, from gaming to entertainment to art companies, are actively seeking to enter the NT market, and a worldwide market may be predicted.
Photo via: niftygateway
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