NFT Part 1: Introduction
NFT (Non-fungible tokens) are a way of representing an asset on blockchain. An asset can be a simple text, an image, a song, certificate or anything that can be digitally represented.
Why We Need NFTs?
An NFT is an assets on a blockchain that is opening new ways of owning and controlling an asset. For example, you create a masterpiece of digital art that you want to sell or showcase to the world. In today’s world, you would probably build a website and upload your work that has serious implications. Just to list few of them
- Do you really own that digital master piece once you upload to a web site?
- Are you sure of infringe?
- Will your masterpiece will remain unique forever?
Basically, the answers to all of above is no and here comes blockchain to solve the problems related to ownership, uniqueness and infringement.
“پتھر پے لکهی لکیر = an asset on blockchain”
Blockchain: Is a global computer owned and maintain by thousands of people. The global computer is compose of smaller computing powers call nodes. Each node has exact same replica of all transactions(nfts, cryptos, etc). It is almost impossible to hack or destroy a blockchain.
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