Crypto, NFT

Let’s talk about Non-fungible Tokens (NFTs)

nft, nfts, trading nfts,

What is the difference between Leonardo Da Vinci’s Mona Lisa and a high-quality printed poster of the same size? Well, a large part of the 2.7 million visitors didn’t come to the Louvre in 2020 for a reprint, I guess. The original one hangs there, verified by trustworthy certificates of authenticity. In the digital world though, there has never been a counterpart for such verification before. Until the development of the blockchain, no technology was established that made digital goods unique. That changed with the establishment of a standard for so-called non-fungible tokens, NFT. The term stands for unique, non-replicable digital proofs of ownership (tokens) that represent the rights to a digital or physical asset or document. Many NFTs are based on Ethereum blockchain technology protocols, making them technically very similar to crypto assets. (more…)