NFT
What does NFT Stands For: Non-fungible token.

Non-fungible as we know means something that cannot be replaced or substituted. Therefore Non-fungible token (NFT) is a token like that of a digital contract which cannot be replaced but can be sold or traded with something different. It is unique token. For example we have bitcoin which is fungible — you can trade one for another bitcoin and you’ll have exactly the same thing.

NFTs are one-of-a-kind trading cards which if traded with a different card, gives you something completely different.

It is best explained as a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.

NFT DATA UNITS:
NFT data units may be associated with digital files such as;

1. photos,
2. videos, and
3. audio.

Because each token is uniquely identifiable, NFTs differ from most cryptocurrencies, such as Bitcoins, which are fungible.

My take on this is: You can convert your photos, videos, audio and sell them as NFTs. Converting them makes them ultimately unique.

The NFTs market grew up during the COVID-19 pandemic, the trading of NFTs in 2021 increase to more than $17 billion, up by 21,000% over 2020’s total of $82 million.

To Learn How to Create an NFT, Click this Link: https://bit.ly/3LXdQ1V