What is Nft in very simple language? //10% beneficiary @tro-fan-club

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I hope everyone is well - I am also much better by the grace of God. We are all familiar with the name Nft. But what does Nft mean? Maybe many of us don't know. So today I will say something about Nft. Nft full name is (Non-fungible token).

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Now we will first know what fungible means?

I think you will go to the book fair and buy books. After a lot of searching, I liked a book. Now the shopkeeper asked how much is this book? The shopkeeper said 50 Taka. Then you gave a 100 taka note to the shopkeeper. Now you will get back 50 taka. Now the shopkeeper can give you one 50 taka note or one 10 taka and two 20 taka notes. Again one can give 20 taka note and three 10 taka note. Now you see the value of one 10 taka and two 20 taka notes is 50 taka and one 20 taka note and three 10 taka notes are worth 50 taka. I don't think so. Because the way the shopkeeper will return the value will be 50 taka. The thing that is given and taken is fungible. Because one 10 rupees and two 20 taka total 50 rupees is fungible. These are interchangeable. One can be replexed with another. This is not a problem.

[Special Note]: Money is the name of the currency of Bangladesh.

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Now let's come to what is non-fungible?

Think I have a picture of the Mona Lisa. A friend of mine took the picture of Mona Lisa to his house. To show his family members. A few days later my friend said I like this picture of Mona Lisa I can't give it away. But yes, I will draw a picture exactly like the Mona Lisa.

Now: The point is to look at two paintings like this one. But the values ​​of the two are not the same. What I had before is that the value of the original is different and later my friend drew the exact picture. The two look the same but are not interchangeable. This is non-fungible.

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Now let us know what Token is!

We are all familiar with the word token. This is electric money or coin. Which is a transaction in the virtual world. It has no real form. Those of us who are in the world of blockchain or cryptocurrency know best.

Today I have tried to give some ideas about Nft. I don't know how much I understood. But I have tried to understand as easily as I know. But then we will know how to make nft and why it is becoming so popular in the market.

So friends, I ended up here like today. Everyone will be well, stay healthy and take care of yourself.

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I am Md. Ebrahim Islam Nahid. Everyone calls me Nahid. I am Bangladeshi. I am an Electrical Engineer. I love reading books, writing and creating new things. I try to express myself and evaluate the opinions of others.