What is NFT ?~ [10% ʙᴇɴᴇғɪᴄɪᴀʀɪᴇs ғᴏʀ @sʜʏ-ғᴏx🦊]
I wish everyone well.
What is NFT?
NFT is Non Fungible tokens. First of all, I apologize. If you make a mistake, you will be forgiven. First we will know the difference between fungible and non-fungible.
What is Fungible ?
Fungible means interchangeable. If I say simply, suppose you gave me ten Taka. I paid you ten Taka with two notes of five Taka. Hope you understand.
What is Non-Fungible?
Non-fungible is the exact opposite of fungible. Suppose someone gives you a token, you don't have to give him another token. You must return the token he gave you.
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What is included in the NFT?
- Digital Art
- game function or theme
- music clipe
- Any tweet
- Video clip
- PDF File
- Photography
- Unique Something
NFT can be used by people in three ways in general. Buyers, sellers and collectors will all be able to trade here, but collectors will only use it for profit. They buy at a lower price first and then when the price goes up they sell at a higher price and make a profit.
Many people may think that everything purchased from NFT is virtual. So if I can save these from online then what does it mean to buy with so much money! One thing to keep in mind is that there is a distinct peace between owning and owning something. We copy a lot of things. Whenever we copy something, the value of that original thing increases day by day. But the value of the original thing never decreases.
Many of us think these are unreasonable, they don't make any sense. But this is exactly what we said during Bitcoin but today we have seen with our own eyes how much Bitcoin is worth. Just when the whole NFT issue is clear to us, then we will realize how much it costs. Although now many are realizing. In fact, in today's society, 50 or 100 years from now, this will not be the case. We will live in a society with complete exceptions.
I have tried to say something about NFT among you from my small talent. If there is any mistake, please forgive me.
Basically, this is why NFT is becoming so popular day by day. Thanks for sharing.
Thank you.
Nice post simple and informative great work
Thank you so much.
The bitcoin example was really appreciating. Some day people will know how much valuable the NFT is. Thanks.
Nice brother. You explained good about basic of NFT. And your post is very informative.
The concept of NFT has been discussed and it is gaining popularity. Thanks more brother in the future
Thank you so much my dear brother.