NFT (Heterogeneous Digital Rights Certificate) supported by blockchain technology can be used as online rights certificates for digital goods such as digital artworks and event tickets.
Each NFT maps a unique serial number on a specific blockchain, which cannot be tampered with, divided or substituted for each other. It is these characteristics that make NFT an excellent carrier of digital works of art. Each NFT represents a specific digital art work or a single copy of limited sales, and records its unbreakable rights on the chain.
Therefore, NFT is essentially different from homogeneous tokens such as virtual currency, supported by the actual value of digital goods, and does not have any monetary attributes such as payment function.
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Why is NFT so popular?
As an NFT collector, you have a specific digital artwork behind every NFT. You can not only watch the works and enjoy the wonderful experience of collection, but also share your collection feelings and happiness with your friends.
With NFT, the boundaries of art collections can be extended to the digital world, not limited to the physical world. In this way, art collections are more civilian, and more people can become digital art collectors with limited funds, without worrying about the storage and circulation of physical art collections.
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What does the uniqueness of NFT mean?
NFT is unique because it is based on blockchain technology and has established a unique mapping relationship with specific digital goods since its birth, which can be used as the corresponding and unique proof of rights of digital goods in a specific blockchain.
If NFT is sold in limited quantities, you will have works with different serial numbers with other collectors. At the same time, in the transaction process, the transaction information of the unique title certificate will be stored in the chain through the intelligent contract record, which can realize reliable traceability. However, it should be noted that unless the issuer has a special agreement, NFT is only unique on the current specific blockchain.
How does NFT work?
Traditional works of art, such as paintings, are valuable because of their uniqueness.
But digital files can be easily copied continuously.
With NFT, artworks can be "tokenized" to create a digital ownership certificate that can be bought and sold.
Like cryptocurrency, the record of who owns what is stored in a * * * account book called blockchain.
These records cannot be forged because the account books are maintained by thousands of computers all over the world.
NFT can also contain smart contracts, for example, it can provide artists with a share of any future token sales.
For more information about NFT, see ONENFT.