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What is NFT? NFT is also known as ‘ Non-fungible Tokens ’ in its expanded form where non-fungible means non-replaceable. A thing that is one of its kind. For an instance, the portrait painting of the Mona Lisa is a unique creation by Italian artist Leonardo Da Vinci. No matter, how great a painter you are to depict that painting, you will never be able to match the level of the original painting of the Mona Lisa because it is one of a kind and you cannot replace it. Besides, everyone is familiar with tokens. It can be simply a piece of paper, metal, or anything that can be used as an alternative to money (however not everybody has it like money). In a layman’s language, we can buy anything sellable, but it does not do the same with the token. With tokens, one can buy only the things for which tokens are made. How Do NFTs Work? Since now you are aware of the terms Non-Fungible and Tokens ; let’s discover how NFT works? To buy and sell one-of-a-kind digital pieces around the w...
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