What is a Non-Fungible Token?

A Non-Fungible Token, also known as a NFT is essentially a one-of- a kind digital asset or token. NFTs are managed on a blockchain. Everything on the blockchain is transparent and acts as the decentralized ledger that traces the ownership (provenance) and transaction history of each NFT.
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Why Buy a NFT?

Do some people chuckle when they hear about digital collectibles and NFTs, yes. But let’s not forget, many people laughed in the past at those who collected baseball cards, coins, comic books, and action figures. With the digital economy in full swing, it only makes sense for collectibles to evolve as well, particularly for today’s generation.

 

Essentially, NFTs are like physical collector’s items, only digital. Like any other collectible, prices can go up or down. However, when you buy a digital asset you will know how many will be made and the blockchain is proof of ownership.

How Does the Blockchain Protect Me?

A fundamental property of the blockchain is that, once something is on the blockchain, it cannot be altered or counterfeited.  Once an asset is listed on the blockchain, ownership is immutable unless the owner verifies a change. (Read about proof of ownership on Nasdaq).

 

How will you feel when you acquire an NFT ? Pure enjoyment, pride of ownership, owning a “piece of digital history” and the potential of your NFT increasing in value.

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