All digital content creators need to know about Non-Fungible Tokens (NFTs) - Not Spam
⭐All digital content creators need to know about Non-Fungible Tokens (NFTs).⭐
The source from which I got my quotes: https://www.cnet.com/news/nfts-explained-these-pricey-tokens-are-as-weird-as-you-think-they-are/
"NFTs offer a blockchain-created certificate of authenticity for a digital asset such as an artwork, a piece of music or a video"
"An NFT is a unique digital token, with most using the Ethereum blockchain to digitally record transactions. It's not a cryptocurrency like Bitcoin or Ethereum, because those are fungible and exchangeable for another Bitcoin or cash. NFTs are recorded in a digital ledger in the same way as cryptocurrency, so there's a listing of who owns each one.What makes an NFT unique is the digital asset tied to the token. This can be an image, video, tweet or piece of music that's uploaded to a marketplace, which creates the NFT to be sold."
"The person who buys the NFT doesn't own the actual asset. "
"For example, the creator of the Nyan Cat meme sold an NFT of it for $590,000. The person who bought the token owns the token but doesn't actually own the meme. That still belongs to the creator, who held onto the intellectual and creative rights. "What the owner of the token has is a record and a hash code showing ownership of the unique token associated with the particular digital asset. People might download Nyan Cat and use it on social media if they want, but they won't own the token. This also means they can't sell the token like the owner can. "
⭐Looks like some people may start mining digital images (or other digital creations) to associate with NFTs.⭐