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What are NFTs?
According to the Merriam-Webster definition, a nonfungible token (NFT) is a unique digital identifier which cannot be copied, substituted or subdivided. Once created, the NFT is then recorded in a blockchain which is used to certify its authenticity and ownership. An NFT is not a tangible object but rather a form of proof that shows ownership and purchase. These blockchain-based tokens can represent artwork, digital content, media or even event tickets. An NFT is an irrevocable digital certificate of ownership and authenticity for a digital or physical asset.
NFTs have unique digital identifiers and are stored on a blockchain, a system that is used to keep a record of transactions made in bitcoin or some type of cryptocurrency. NFT records are kept across multiple computers that are linked in a network and through the blockchain, can be sold or traded. NFTs are created through a process called “minting,” in which they convert digital files into a cryptocurrency collectible. The process of minting is how NFTs are uploaded to the blockchain.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=NFT
https://www.scoop.it/t/securite-pc-et-internet/?&tag=crypto-currency
https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Web3.0
https://www.scoop.it/t/21st-century-learning-and-teaching/?&tag=blockchain
Read the full article at: www.gettingsmart.com
Via Gust MEES
What are NFTs?
According to the Merriam-Webster definition, a nonfungible token (NFT) is a unique digital identifier which cannot be copied, substituted or subdivided. Once created, the NFT is then recorded in a blockchain which is used to certify its authenticity and ownership. An NFT is not a tangible object but rather a form of proof that shows ownership and purchase. These blockchain-based tokens can represent artwork, digital content, media or even event tickets. An NFT is an irrevocable digital certificate of ownership and authenticity for a digital or physical asset.
NFTs have unique digital identifiers and are stored on a blockchain, a system that is used to keep a record of transactions made in bitcoin or some type of cryptocurrency. NFT records are kept across multiple computers that are linked in a network and through the blockchain, can be sold or traded. NFTs are created through a process called “minting,” in which they convert digital files into a cryptocurrency collectible. The process of minting is how NFTs are uploaded to the blockchain.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=NFT
https://www.scoop.it/t/securite-pc-et-internet/?&tag=crypto-currency
https://www.scoop.it/topic/21st-century-innovative-technologies-and-developments/?&tag=Web3.0
https://www.scoop.it/t/21st-century-learning-and-teaching/?&tag=blockchain