Saturday, February 19, 2022

What is NFT ? How does it works and How does it is useful ?

 NFT  stand for non-fungible token is unique tokens that cannot be divided , distributed,copied it is stored in safe blockchain technology that lets its creator like in form of digital art, images , videos, anything that is digitally stored can be legally used with user consent and cannot be used by other without its permission and it is good.

It is safe and stored in blockchain technology same as bitcoin or other blockchain technology uses it .

For more simplicity lets us understand that you have created a digital art , or captured  a pic ,or videos ,or anything that you own and you are it's owner so you can simply put it on NFT market just like opensea or anything that does the same work , you have to go there and upload your art and put it on sale , so anyone that intends to buy your work have to go through you and legally toke your permission take buy or sale ,so you as a owner can permit him as they demands and accordingly works to it .

So at last you are the owner of it and can use it you want .Technically it is good and lets creator it's own platform and also safe for independent creator.

So that's all for today and thanks.

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