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What does it mean.
What does nft artwork mean. Any digital asset can in theory be sold as an NFT. NFT stands for non-fungible token A token is a digital asset that can be transferred between people on a blockchain. Exchange - NFT exchanges take place in cryptocurrencies such as Bitcoin on specialist sites.
The First 500 Days exists first and foremost in the digital space and is freely available for everyone to see online. A quick Google of the term will tell you that it means replaceable by another identical item. Non-fungible therefore means that it is NOT replaceable by an identical item and is unique check out the awesome infographic at the bottom of this post for a handy reference guide to fungible vs.
Unique - It cannot be forged or otherwise manipulated. An NFT can represent digital files such as art audio videos GIFs items in video games and other forms of creative work like Tweets. How does NFT art work.
An NFT is a digital asset that represents real-world objects like art music in-game items and videos. Traditionally in the art world once a physical piece is sold the artist no longer receives revenue from its future sales. What Is an NFT.
New York CNN Business Non-fungible tokens or NFTs are the latest cryptocurrency phenomenon to go mainstream. However when you sell a digital file through an NFT you continue to make money long after that first transaction. They are bought and sold online frequently with cryptocurrency and they are generally.
The digital artwork itself can be reproduced over and over again for. The NFT can be associated with a particular digital or physical asset such as a file or a physical object and a license to use the asset for a specified purpose. No worries keep reading.