How are you all Hope everyone is doing well by the infinite mercy of Almighty God. Today we will discuss about NFT. We will try to discuss NFT in detail today.
Before starting the discussion, let me tell you a story. There was a famous painter somewhere. His paintings were very expensive. Once when he was sick, a crafty man from his village visited him and bought a painting for 50 rupees and signed the artist's signature on it. Later, after the painter died, he sold this art as his last art for 5000 thousand rupees. I am telling this story because today we are discussing NFT. Let's start.

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Well suppose you bought a mango from the market, our price was 100 taka but you gave the shopkeeper a note of 200 taka. Now, if the shopkeeper wants, he can give you back one 100 taka note or two fifty taka notes or one fifty two twenty one ten taka note or 5 taka 20 or 10 taka 10 notes. Either way the value of the money is equal. This is called fungibility.But equally this is called fungibility.
But NFT stands for 'Non-Fungible Token'. Non-fungible means something unique and cannot be replaced. In contrast, physical money and cryptocurrencies are fungible, meaning they can be traded or exchanged for each other. Each NFT has a digital signature that makes each one unique. NFTs are digital assets and can be photos, videos, audio files or other digital formats. Examples of NFTs include artwork, comic books, sports collectibles, trading cards, games, and more.

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Non-fungible tokens or NTFs are cryptographic assets that sit on a blockchain ie, a distributed public ledger that records transactions. Each NFT has a unique identification code that distinguishes them from each other. This data makes it easy to transfer tokens between owners and verify ownership.

NFTs have a value that is set by the market – i.e., supply and demand – and they can be bought and sold just like physical assets. NFTs are digital representations of assets and can also represent real-world items such as artwork and real estate. Tokenizing real-world tangible assets in this way is considered by some users to make buying, selling, and trading more efficient, as well as reducing the likelihood of fraud.