NFT is an acronym for Non-Fungible Token. While fungible implies replaceable, exchangeable, interchangeable, and equivalent, tokens represent an asset on a blockchain. Thus, NFT is defined as a unique crypto asset on a Blockchain with distinct identification codes and metadata. It can be bought, sold, and traded online.
Bitcoin exposed the world to a trustless system by solving the age long-problem of double-spending. Bitcoin’s cryptocurrencies are fungible which enables them to serve as a trusted means of payment. However, we need a system that is not fungible to drive creativity and innovation in our world.
In our modernized digital world where copy and paste are the norms, there is a need for digital ownership of assets. What is a better system to serve as proof of authenticity than the most secure platform in the world? That’s why we use the Blockchain to record the identification codes of our non-fungible, unique, crypto assets.
This course is an ultimate guide on Non-Fungible Tokens (NFTs) fundamentals including the creation, listing and sale of crypto arts. By taking this class you will comprehend Nonfungible Tokens and be able to answer the following questions.