NFT stands for Non-fungible tokens or non-fungible tokens, meaning they are unique tokens that cannot be exchanged for something else.
To bring the picture closer, imagine that you have a design, ownership or intellectual agreement for a digital asset in any field, and imagine that you offer these digital assets for sale online, in doing so, you must protect your assets in this medium, because if verified The assets are your property, in which case only you can manage the transactions you make in connection with your digital content and no one else has the right to take a part or a share of the transactions you make, otherwise, multiple copies of the assets may be created It may be impossible to verify that these assets are within your ownership. ?
This new technology that we call non-fungible tokens provides us with the feature we mentioned earlier, and this feature that has appeared recently has spread all over the world remarkably and rapidly.
Irreplaceability is an economic term that can be used to describe a digital item that you own, and these items have unique properties because they belong to one person, and because of this uniqueness an item cannot be replaced with other items, so we can say that NFT grants us copyright and intellectual property and protects Our own property in the digital world by giving us our own digital contract.
A digital asset can be owned or sold through this technology, where you can sell an app, game, photo, audio, video, or own all of it easily, but most of the non-fungible tokens now are related to digital art,
Like the album of this monkey that appears in one position but with different clothes and features,
Or like a GIF of this cat that sold for $600,000.
It could also be a tweet where Twitter founder and CEO Jack Dorsey sold one of his tweets for $3 million.
All the above examples are digital content that can be disposed of by creating their own collection, and we can use these assets in the newly emerged Metaverse environment as well.
Well, let's find out how we own our digital assets on the Internet:
Transactions are made through Blockchain technology, but unlike cryptocurrencies, NFTs do not have their own Blockchain networks, and Ethereum [ 1 ] is the most widely used cryptocurrency by NFT platforms.
To buy or sell digital assets, we must first create an electronic wallet because these tokens are only bought with digital currencies and there are several options available for that, and the most famous of these wallets are the two MetaMask wallets.The Coinbase walletThe options are not only limited to these applications, but there are many applications in which you can create your digital wallet.
After that, you will have to register in one of the digital asset sale and purchase markets such as Rarible, Nifty Gateway, SuperRare, in addition to the most famous of these markets, namely OpenSea.