NFT or Non Fungible Token is a asset whose transaction activity is recorded in the blockchain system.
Actually NFT is not much different from some crypto assets but the difference is that an NFT asset can really only be owned by one party. It’s like a digital certificate.
For example :
You buy land in Decentraland which is one of the automated NFT projects of land that you buy only yours. So if you buy 1 NFT then it will be different from the value of 1 NFT that your friend has. Because, there’s no way you and your friends both have the same land ownership rights? Meanwhile, if you buy 1 Bitcoin it is the same value as your friend who owns 1 Bitcoin as well.
Yep! that’s what draws it from these crypto assets. If you have an NFT or Non Fungible Token, you also have proof of ownership of the item or item. The items or items can be memes, GIFs, artwork, songs, video clips, items in the game and even more interestingly a tweet can also be traded, you know! Like the first tweet from Twitter owner, Jack Dorsey was offered US$ 2.5 million or equivalent to Rp358.68 billion.
NFT is also absolutely recorded in the blockchain, so it can not be faked, copied, or stolen. Obviously it’s very secure because the way the blockchain system works uses a group of computers to create digital ledgers together and can’t be changed by a single computer That’s what makes you not have to worry anymore about the security of the blockchain system! An NFT also has a unique code number and metadata.
Then, If you sell your NFT assets to someone else then the ownership will move to that party. Just like home ownership. If you sell your house, then the ownership rights will change hands. Who here who likes to collect goods continues to be full at home? you know, this NFT asset can be one that can be collected! Although this collection can not be held because it is not physical, but can really be used as a collection for #AsetMasaDepan and does not make the house become full of goods because it will be stored digitally. And for sure, this collection will make you feel proud because you can have a work that only you have!