Post by thomas530 on Oct 26, 2023 2:15:42 GMT -5
To understand what NFT is and how it works, let's start with the meaning of the word. Like tokens, they include a series of information that characterizes each unique file, but the main peculiarity of NFTs, also known as Nifty or nft art, is that they are "non-fungible", that is, they cannot be replaced or replicated. This means that each NFT is unique by definition .
To simplify the concept, let's consider the "fungible" asset par excellence: money. A 20 reais note will always be perfectly replaceable by another note of the same value, as long as it is intact. An Construction Email List example of a "non-fungible" asset, on the other hand, could be a painting. Think of the Mona Lisa in the Louvre Museum, for example. Regardless of the copies that are made of it, there will always be the original work that carries with it a history and a unique value, and that it will not be possible to replace or replicate .
NFTs work in more or less the same way: buying NFTs or NFT art, you take “digital information” that attests to the uniqueness of the object of sale. If it is a digital file, no matter how many times it is downloaded or reproduced on social media, there will only be one owner of the "original" item, who buys it as a collector's item .
To guarantee the uniqueness and authenticity of these digital images, something curious about what NFT is is that they are based on blockchain, a sequential block sharing structure that allows information or data to be stored and transmitted in an immutable way, creating a kind of "digital signature". Blockchain data, as it is not editable, prevents the tampering of digital information and allows you to prove the authenticity of an image .
What is the relationship between NFT art and blockchain?
The blockchain is mainly known for recording cryptocurrency transactions, but unlike them, NFTs cannot be exchanged or divided between them. As “non-fungible” assets, no two art NFTs exist .
To sell and buy NFTs, several marketplaces specializing in NFT art have emerged in recent years, such as Nifty Gateway , OpenSea , Zora , SuperRare , KnownOrigin and more. Generally, transactions take place on Ethereum, a cryptocurrency .
To simplify the concept, let's consider the "fungible" asset par excellence: money. A 20 reais note will always be perfectly replaceable by another note of the same value, as long as it is intact. An Construction Email List example of a "non-fungible" asset, on the other hand, could be a painting. Think of the Mona Lisa in the Louvre Museum, for example. Regardless of the copies that are made of it, there will always be the original work that carries with it a history and a unique value, and that it will not be possible to replace or replicate .
NFTs work in more or less the same way: buying NFTs or NFT art, you take “digital information” that attests to the uniqueness of the object of sale. If it is a digital file, no matter how many times it is downloaded or reproduced on social media, there will only be one owner of the "original" item, who buys it as a collector's item .
To guarantee the uniqueness and authenticity of these digital images, something curious about what NFT is is that they are based on blockchain, a sequential block sharing structure that allows information or data to be stored and transmitted in an immutable way, creating a kind of "digital signature". Blockchain data, as it is not editable, prevents the tampering of digital information and allows you to prove the authenticity of an image .
What is the relationship between NFT art and blockchain?
The blockchain is mainly known for recording cryptocurrency transactions, but unlike them, NFTs cannot be exchanged or divided between them. As “non-fungible” assets, no two art NFTs exist .
To sell and buy NFTs, several marketplaces specializing in NFT art have emerged in recent years, such as Nifty Gateway , OpenSea , Zora , SuperRare , KnownOrigin and more. Generally, transactions take place on Ethereum, a cryptocurrency .