What is NFT? Basic of Non Fungible tokens (NFT) [10% ʙᴇɴᴇғɪᴄɪᴀʀɪᴇs ғᴏʀ @sʜʏ-ғᴏx🦊]

NFT is Non Fungible tokens. These tokens are very unique. These tokens cannot be replaced with other tokens.Anything creative and unique can be NFT. This nft can be of many types, such as digital art, photography, analog art, music, animation video etc. NFT mainly works through blogchain. The real owner of a digital thing can be easily identified with the help of nft. It is very easy to determine the ownership of any digital asset through NFT. Suppose you draw a famous person in exactly the same way. But it will not fall in nft. The nft issue is entirely up to you and you have to create something unique, then it will fit into the NFT.

How does NFT work? To know this, we need to know two things in a good way. First we need to know that the product being sold should be a completely basic product. Any product can be solid and digital nft at the same time. Suppose you built a car. That car was never made by anyone but you. Then that car will be a nft product. You first built that model car. The car you made is something no one has done before. Then that will be your Solit NFT. Suppose, you have created a little digital art. That's completely different from anyone else's digital art. You are creating it with all your creativity. Then that will be your digital NFT. The second thing is that NFT is completely protected by blockchain. It is almost impossible to change ownership as a result of trading. Whoever buys from whom and if he sells to someone else, the complete data will be protected in the ledger of the blog chain.

NFT people use it in three ways: number one is buyer, number two is seller and number three is collects. Suppose you have created a digital art. If you want that you can sell through nft. There is a sales system, there you can see an auction. You set the nft and leave it there and they will beat how many dollars others are willing to buy it.

• If you are a seller or digital artist, you can sell your art as NFT. However, the drawings have to be done by you and you have to create your own creativity.

• If you like digital art or anything else, you can buy it as a buyer through nft.

• If you are a collector, you will first buy nft at a lower price. Later when the price of that nft increases, you will be able to sell at a higher price and make a profit.