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The world of blockchain includes many concepts and technologies, the most important of which is Non-Fungible Token  or  nfts

Although the news about so-called NFTs or NFTs has been one of the most widely reported topics in recent times, still most people have no idea what the phrase means and do not associate it with cryptocurrencies or digital currencies.

What are NFTs or nfts?

The term "non-fungible" refers to tokens that cannot be exchanged for other assets. For example,

  Cryptocurrencies are fungible, where one cash can be exchanged for another of the same value, but for NFTs, they are digital assets, each with a different value and cannot be exchanged for other assets. It is based on ether and the cryptocurrency Ethereum is used for purchases.

n Owning an NFT does not necessarily mean that the person has exclusive rights because anything digital can be copied endlessly.

To get closer to the topic, the NFT can be compared to a “Last Supper” painting, where a person can go to a museum and see the painting and even take a picture of it, but they can’t bring the painting home with them because they don’t own it. However, the board that hangs on the wall in your home is like an NFT because it's all yours and you decide what you want to do with them.

Difference between non-fungible and replaceable tokens

All digital currencies or cryptocurrencies such as Bitcoin, Ether, Doge, and other tokens are interchangeable, as each currency can be exchanged for a currency similar to it because both have exactly the same value.

But on the contrary, NFTs are not fungible Tokens are a form of digital asset Since they are not unlike digital currencies that have monetary value Each NFT has a unique valuation that cannot be exchanged for another, as, for example, a house cannot be exchanged With another house on the same street because it has the same area and the same number of rooms.

Non-fungible digital assets (NFTs) are based on blockchain technology

Such as digital currencies, specifically on the same blockchain technology on which the Ethereum blockchain relies, where the technology can store additional information that makes it work in a different way than the Ethereum currency itself, and other blockchain technologies can also provide special versions of their technologies that support NFT as well.

to verify its authenticity and reliability

It relies on blockchain technology, which records the complete history of all its owners, and some see NFTs as digital contracts like various digital contracts.

Many online trading platforms offer non-fungible tokens for sale

The most popular platforms, OpenSea, Rarible, and Mintable, support NFTs. Most of the time, buying an NFT requires having a cryptocurrency, which has to be kept in a digital wallet eg metamask, trust. 

You need the currency pegged to Ether (ETH) to buy NFTs as most of them are currently still based on the Ethereum network.

Create your own NFT artwork

You can easily do this through a marketplace like OpenSea or Rarible. The Create function can be found in the menu at the top of both pages. 

All you have to do here is upload a compatible file such as PNG, GIF, WEBP, MP4, or MP3, which will then be automatically converted to NFT.

Your business can be sold directly across the platforms however, you need a digital wallet to upload and sell.

To make money from the Internet, you have to keep up with all fields.

The fact that there is still a lot of mystery surrounding NFT and that it is receiving a lot of criticism raises a lot of questions about entering the industry.

To understand that there is profit and loss in the world of making money on the Internet, and to accept that. is profit and loss.

At the end of the article, we can say

Both NFTs and cryptocurrencies have profoundly and internationally changed society in terms of how we perceive, value, use, and preserve art. This shift is mostly due to the way we prioritize economics, value, currency, and legal accountability. The web is an unstable and dangerous environment, but we cannot ignore its wealth. The world helps people live a better life and handle their own affairs without monopolizing.