Non Fungible Tokens In Crypto Currency

NFT stand for non fungible tokens and these are the assets and these can sold and trade.These are the particular assets for a specific use.For example their are soo many things that are very rare like tajal mehal and some other unique things and thier are no replacement of these things like that their are no replacement of these tokens called non fungible tokens.Thier are no other tokens for the replacement because these are unique tokens and can also trade.As if we want to buy a house then we go to seller who want to sell a house then firstly we ask is this your house then obviously he will said yes but we said them to show the prove of this house then he will shows the papers of house and these are the proof of ownership.In NFT case these are our proof of ownership amd with these we can generate our own assets.We can buy or sell these tokens in the market and these are trade able.These token are exist on the blockchain of ethereum and work on the blockchain of ethereum.If we have one NFT then if we buy and the buyer sell this token and each buyer will get 10% when sold this token because it's very unique and tradable.NFT is a bridge who can make contact between real world and digital world.If we has a note of hundred rupees and other person has also a note of hundred rupees and we can exchange with each other because the value if both notes are same but if we did some changes in one note and make it unique then it could be non fungible and token is that we can convert it into token for trade.

It's Characteristics

These are very unique and not replacement of these tokens.

These tokens are tradable and we can buy or sell these tokens in the market.

These tokens can make contact between the digital world and real world.

These tokens has a bright future and we will see these tokens high value if future.

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