Cryptocurrencies are a type of payment mode where digital goods are bought and sold online. Many companies in the digital market space have developed and introduced their own cryptocurrencies called Tokens.
What Is An Non- Fungible Token?
A Non-Fungible Token, also known as NFT, is a digital asset or a digital certification of an asset. These digital tokens are non-fungible; hence they cannot be interchanged or replicated. NFTs are built on a blockchain network that allows them to store data and information securely and prevent theft of data. Each NFT possesses a unique value that provides proof of authenticity and ownership of the digital asset.
