Returning to NFTs

Returning to NFTs

So, NFT is only for non-fungible tokens, and now you know what it is. A non-fungible token, or NFT, is similar to any other non-fungible asset in that it is something unique and irreplaceable.

You can purchase and sell ownership of unique digital products on NFT. NFTs are blockchain tokens that represent a single digital asset. NFT can be used to represent nearly anything, including artwork, graphics, audio, films, and photographs.

Consider the difference between possessing the actual Mona Lisa and owning a clone of the Mona Lisa. There is only one painting in the original, and it can be proven that it was produced by the one and only Leonardo da Vinci. 

Source : Wikipedia

It is also known that no other art pieces have been joined together in that same fashion (non-fungible). This is why the expense of owning an original is far higher than the cost of owning a replica. NFTs have had an influence on the art world in this way. People value knowing they are the only owner of a product more than ever before, especially as people become more comfortable with online ownership.