NFT stands for a non-fungible token. Non-fungible tokens signify that they are unique and irreplaceable.They are developed using blockchain technology. A simple example can help you to understand better what a non-fungible token development is.
Take a physical artwork, (example portrait of a woman) which has been sold and transferred in real life. The artist only profited from that initial sale. Digital assets work the same: But In NFTs come with smart contract and royalty agreement - allowing artists to get profit from resales. A digital smart contract can stipulate that when the artwork changes hands beyond the primary sale, the creator gets a percentage of that transaction.
NFT tokens are non-fungible. You can exchange non-fungible tokens, but you won’t get the same in return.
Here Assetfinx provides you a best and unique nft development service to validate the authenticity of both physical and digital works of art into NFTs. We are an NFT Development Company dedicated to helping individuals to transform assets into non-fungible tokens with uniqueness, ownership, transferability, and authenticity.
