Digital art was one of the first use cases for NFTs due to the ability of blockchain technology to provide a unique signature and ownership of the NFT.
Saad Sheikh United Kingdom The idea of NFTs, also known as nifties, originated with blockchain technology in 2014, but did not become popular until the advent of the Ethereum cryptocurrency, which included a system for creating and storing non-
fungible tokens.
NFTs are blockchain-based tokens that represent ownership of a digital asset. In fact, they can be used to represent ownership of any unique asset, such as a document for an object in the digital or physical realm.
Saad Sheikh At a basic level, an NFT is a digital asset that links the ownership of unique physical or digital objects such as works of art, real estate, music, or
video.
Essentially, NFT allows the buyer to claim ownership of the original copy of a digital file, just as you might own the
original copy of a physical work of art or the master file of a music recording.
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