NFT
NFT stands for a non-fungible token
NFT
"Every image that we see, every song that we hear, and every video that we watch on the Internet is FREE."
NFT
At least, this is what most of us believe. We copy the digital content and share it with our friends without paying a single penny to the creators.
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For instance, you send a WhatsApp message with an attachment of a funny image to your friend. The friend laughs, and you receive appreciation for sending that image.
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But in this exchange, the creators neither get appreciated nor compensated for their efforts. NFT is going to change that.
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Non-Fungible Tokens (NFTs) ensure that every creator – whether a painter, a musician, a video creator, or a poet – receives his reward every time the NFT of his work is sold.
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By making every item available online unique. The process of converting a digital asset into NFT is called minting.
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As most NFTs created nowadays use public blockchain, we can also define NFT minting as a process that converts your digital asset to make them a part of the Blockchain.
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Explore Most Expensive NFTs of 2021 Part-1