What is NFT? An article to understand the concept of NFT

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NFT, which is called Non Fungible Token in full, refers to non homogenous token. In essence, NFT is a trusted digital equity certificate with unique characteristics in the blockchain network. It is a data object that can record and process multi-dimensional and complex attributes on the blockchain.

The above is Google Encyclopedia’s explanation of NFT. Many novice are blinded by it. It’s too professional and academic. The following small editor uses the simplest words to explain what NFT is

NFT is a new technology. In the Internet world, there are copying and pasting. You can copy and paste any text, video or picture. When a work (which can be a picture, text or video) is widely spread on the Internet, there is no way to find the original author, because everyone can say that they were the first to make it after copying and pasting. Copyright protection on the Internet has always been a problem. All countries have software copyright certification, but now it is different with NFT.

NFT can give any Internet work a unique code. After having this code, someone will pirate your work and say that it is his original work. We will be able to identify whether it is being created. If there is no corresponding NFT in this work, it is pirated.

OK, now we have a certain understanding of NFT. NFT is like a shot in the arm to bring more power to the creators. So NFT is also a digital asset.

What is NFT? An article to understand the concept of NFT
 

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