In this digital world of ours it has become very easy to copy anything. Imagine you made a picture art and uploaded it to a social media. After some time someone downloaded your picture and uploaded it on his social media and claimed it as his. If his followers are more then everyone will consider him as the real owner. nft has solved it. To know better about Nft we need to know better what is non fungible.

Non-Fungible Tokens

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The full form of NFT is non fungible tokens. Suppose you have a note of Rs.1000. Your friend took 1000 taka from you and then he gave you back 2 500 taka notes. Then you have the same value. This is fungible. The opposite is non-fungible. In non fungible no one can change it for you. And nft is created using this idea. When you upload an art to nft market you will be given token and basically it will help people to know that your art is yours. If you want to sell it to someone, then the token will go to them and that's basically how the exchange happens. To better understand this exchange, you need to know about blockchain.

NFT Blockchain

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I have already discussed blockchain once. However, simply explaining it can be said that nft blockchain is basically a security service. As a result, we do not have to worry about the bank. Suppose you want to buy a piece of art. The person you buy from is a foreigner. If you want to exchange stars in dollars, you have to go to the bank first and then convert to dollars. Then go to him. So it takes time to do these, besides, you have to pay money to the bank for this. Blockchain eliminates this problem. When you buy someone's art, your token is deposited into their wallet. And it will be open to everyone who bought it. Everyone can see it from your wallet. For example, if we go to someone's wallet on Steemit, we can see everything. Just like nft blockchain.

So friends, this was today's post. Looking at the new post? Assalamu Alaikum to all.