Hello..!!

My Dear Friends
I am @ns-porosh from Bangladesh 🇧🇩

How are you all? I hope you are well by the grace of God. I am well with your prayers and mercy God's grace.At first of all thank you to the sir @levycore. Your lesson provides a lot of information on homework tasks.

What is NFT?

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NFT is an acronym for Non-Fungal Token. This token has the unique feature that this token cannot be exchanged for anything else. This is why NFT is called a special type of cryptographic token. However, for fungal reasons, NFT may be exchanged for another of equal value, but no record is kept in this case. For example, you can exchange the 20 dollar note for two £ 10 notes so that the value of your note remains the same. NFT is a very secure token because each NFT has a different value. This token is created on the Ethereum network. NFT tokens only trade in Ethereum-based markets.

NFTs can be digital currencies such as: drawing, song records, text, music, etc. NFT tokens are created from the albums of these albums and each of these tokens is unique in itself and carries records within a blockchain platform and keeps records Stays.

How NFT Works

The Internet has had non-fungal digital resources since its inception that can be incredibly valuable.You do not need to know any software to create NFT.The first thing you need to do is create an NFT platform. When creating platforms, it is important to keep in mind that the platforms are beautiful in terms of quality, functionality, economy and popularity. Then you have to make some realistic videos, images in digital environment and save them. You can then sell these at auction. These can be worth a lot at auction.

Below are the names of some popular NFT projects.

• Decentraland
• Rarible
• SuperRare
• Ethereum
• Cryptopunks
• CryptoKitties

Now I will discuss with you one of the popular NFT projects, '' Decentraland ''.

What is Decentraland?

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Decentraland was discovered by Ari Melich and Esteban Ardano.Denentraland Hall
A blockchain project where users can manage the virtual world.Decentraland
was opened to the public in January 2020. Over time this platform has become able to implement interactive applications. The cryptocurrency name of the Decentraland project is Mana. Through this platform users can bring a lot of real life things to life through acting in a digital environment and let it be felt with real life. They win awards according to the quality of their performance. This platform allows users to create their own applications and content.

Decentraland has transformed into a new 3D world. Users can buy land, products and services in the virtual world using MNA or other world currencies. Users can even apply and control ownership over the environment and applications created within the land they purchase. In Decentraland, users can also purchase land parcels to create environments, marketplaces and applications. The owners of each parcel have complete creative freedom in the parcels.Decentraland also has a safety advisory board. The job of all the members of this board is to oversee smart contracts on the platform. To encourage and attract new users to the Decentraland Network, the
Decentraland foundation organizes various competitions in various industries, games and applications and the winners of the competitions are rewarded.

How does Decentraland work?

The Decentraland application helps the software to track digital land ownership through the Ethereum blockchain. This application has several steps. Each step has its own characteristics. The price of land goes up a lot with passing the step. Even developers can innovate their new virtual video games, experienced animation videos and exceptionally beautiful designs within the Decentraland platform.

Advantage of Decentraland

• The best advantage for Decentraland users is that it controls the world’s resources using the DAO Smart Agreement.

• It is the easiest to buy through trusted worldwide exchanges like Decentraland Cranken.

• Decentraland is the first fully decentralized virtual world.

• It is regulated through decentralized autonomous bodies.

• Decentraland is very secure.

Decentraland price and 24 Hour Market Vol. / 24h low & 24h High

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Decentraland chart

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Conclusion

NFT is a unique digital asset that is tied to a smart contract through a blockchain. This blockchain is connected to the Ethereum blockchain which makes it impossible to duplicate NFT. Also this project is interesting overall because everyone involved in this project wants to do something on their own and everyone involved in the project can control themselves. I think this project is an important medium for long-term investment. Observing everything about this project, it can be said that this project has a very good future.

Thank you sir @levycore for this beautiful lesson. I hope I was able to meet the requirements of this homework work.

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