Non-fungible tokens have become a commonly discussed topic in the blockchain world. With so much hype surrounding NFTs, what benefits do they offer? Here are some of the advantages of NFTs.
NFTs are created through unique codes in blockchain technology that records information securely in a way that is impossible to alter, delete or hack. Besides, blockchain is more efficient as it is a digital ledger which records transactions and distributes them across a network.
Therefore, NFTs have unique authenticity records, protecting them from theft or mishandling. Once you add data to the chain, it can neither be changed nor deleted. So, blockchain technology preserves the authenticity and scarcity of NFTs. It provides a high level of confidence which is hard to find in other regular marketplaces.
