On the other hand, crypto or fiat currency are the opposite of this they are fungible. Each NFT has unique properties that exist on the blockchain, an online digital ledger that verifies and records transactions. NFTs are portable, easily sellable and tradable, can be accessible anywhere-anytime, are used in the metaverse or the physical world without putting the item at risk of damage, and can create financial opportunities such as royalties to creators and collateral to lending. Ownership of NFTs is public record and easy for anyone to verify. It can also represent ownership of a real-world item, such as a Pokemon card or pair of Steph Curry game worn shoes. What is an NFT?Ī Non-fungible token (NFT) is a digital contract representing ownership of a digital media, such as a video or image. Let’s start with NFT basics before we get into what is a Pokemon card NFT and how do you get one. We are only scratching the surface when we talk about the future of NFTs and real use cases on how they can be applied to our everyday lives.
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