Non-fungible Tokens are pieces of data registered onto a public blockchain ledger. In simple terms, an NFT is a digital certificate of authenticity; it symbolizes a digital element, like a piece of artwork or any other creative work.
A blockchain is essentially a digital ledger of duplicated transactions and distributed across the entire network of computer systems on the blockchain.
NFTs don’t prevent digital files from being copied. That means the equivalent of digital artwork prints could be provided, including monetization. NFTs are nothing more than declarations of ownership.
New York Times journalist Kevin Roose was able to sell a picture of his newspaper column for $560,000. He set a minimum bid of $800.
Rarible – Make, buy or sell digital items secured with blockchain
Nifty Gateway is the leading marketplace for Nifties