Contest Alert//NFT//

Hello dear friends,
Hope you are all doing great!!
I'm @ibraheem75
From Nigeria, I'm deeply excited to share my entry on this wonderful contest organized my mentor @khursheedanwar in this wonderful community.

✅Show your knowledge freely about NFT

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✍️The concept NFT

NFTs stands for (Non-Fungible Token); This refers to a unique digital assets that represent ownership of a specific item, such as music, videos, art,etc, and are mostly store on a blockchain.which can be sold to or trade for.

These tokens are digital assets using Technologies behind cryptocurrencies such as Ethereum, Bitcoin and more,they create new business opportunities or models, like payment of each users and fractional ownership, the NFT materials includes opensea that provides an avenue for trading, buying and selling through NFT with less stress.

✍️Purpose of NFT

NFT plays significant role in the digital cryptocurrency world which includes;

• Provisions of enabling environment for decentralized and transparent management of a digital autonomy,

• Providing ownership through the limited supply of a unique digital commodities,

• Providing an avenue for virtual real estate, this has to do with the ownership of virtual land, spaces, building and many other properties through NFT,

• It also provides the authenticity, movement of goods and services by ensuring the validity,

In as much as NFT is concerned it provides so many opportunities or solutions for it's users or Creators to explore beyond Technological transitions.

✍️Future of NFT

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NFT is one of the best global digital Technological cryptocurrency networks and is practically promising considering the reliability, that attracts many creators, collectors and users globally, is known for it remarkable services to the cryptocurrencies world,making it as one of the largest blockchains network,

The future is indeed promising especially with the increase of various industries like the gaming, sport, art etc, which helps in bursting the economy stability and improves the level of involvement by many users and assessable for many creators, buyers and of course the sellers in the NFT,

In this regards NFT market undergoes so much transformation recently, for sustainability and eco-friendliness to enable users perform transactions freely,with clear Regulations are putting in places to ensure stability, by providing clear goals for the industry, surely with that impression the future of NFTs holds so much promise,with a bright future in store for everyone.

Thank you friends for reading through my post.

My invites;
@ability20
@dave-hanny
@echuku