NFTs (Non-fungible tokens): Explaining the buzz around digital art and collectibles.
Explaining NFTs for Art. NFTs (Non-fungible tokens): Explaining the buzz around digital art and collectibles NFTs (Non-fungible tokens): Explaining the buzz around digital art and collectibles. The world of art and collectibles has taken a big step forward with the rise of NFTs or Non-fungible tokens. NFTs are digital assets that use blockchain technology to verify ownership and authenticity. In simpler terms, they are unique digital assets that are stored on a blockchain and cannot be duplicated or copied. In this article, we will explore the buzz around NFTs, their benefits, and how they are being used in the art and collectibles market. What are NFTs ? NFTs are unique digital assets that are stored on a blockchain. They are different from cryptocurrencies like Bitcoin or Ethereum because they are not interchangeable. Each NFT is unique and has its own value, just like a piece of art or a collectible. NFTs can be used to represent anything that has value, including digital art, music