What is NFT?
NFT, which has become popular in both the financial and art worlds, stands for ‘Non-Fungible Token’. NFT is known as a unique identifier that can prove ownership of digital products.
It turns digital artworks and other collectibles into easily verifiable assets that can be traded on the blockchain.
Until the advent of NFTs, digital art did not have the value that a masterpiece by Monet or Picasso has. This was due to the reason that the digital could easily be reproduced at the click of a button, making it almost impossible to distinguish the original.
Although the first NFT was produced in 2014; we can say that 2021 has been a turning point for NFTs, reaching a sales volume of 12 billion dollars.
Non-Fungible Token In 2021, we have witnessed the beginning of a revolution in the creative and financial sectors. From NFTs catching mainstream attention to self-taught artists becoming millionaires, over the course of the year, it has become clear that the world of non-Fungibles is getting bigger and bigger.
It turns digital artworks and other collectibles into easily verifiable assets that can be traded on the blockchain.
Until the advent of NFTs, digital art did not have the value that a masterpiece by Monet or Picasso has. This was due to the reason that the digital could easily be reproduced at the click of a button, making it almost impossible to distinguish the original.
Although the first NFT was produced in 2014; we can say that 2021 has been a turning point for NFTs, reaching a sales volume of 12 billion dollars.
Non-Fungible Token In 2021, we have witnessed the beginning of a revolution in the creative and financial sectors. From NFTs catching mainstream attention to self-taught artists becoming millionaires, over the course of the year, it has become clear that the world of non-Fungibles is getting bigger and bigger.
