Key points
Unique: Each NFT is one-of-a-kind.
Digital ownership: Proves you own a specific digital asset.
Blockchain-based: Uses blockchain technology to record ownership and prevent counterfeits.
Value: The value of an NFT comes from its uniqueness and demand.
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Similar ideas to Key points
NFTs move beyond art and collectibles
An NFT is essentially a digital token representing a totally unique asset, such as a piece of fine art or
How NFTs work
Traditional art is valuable because they are unique. But digital files can be duplicated.
With NFTs, artwork can be "tokenised" - a digital certificate of ownership that can be bought and sold. A record of who owns what is stored on a shared ledger known as...
HOW DO YOU BUY CRYPTO ART?
- The NFTs used to buy crypto art are built on blockchain technology.
- Blockchain technology is also used for cryptocurrencies like Bitcoin, Etherium, and yes, even DOGE coins. The blockchain offers a secure, digital record of transactions.
- The...
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