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Board Beginners & Help
Re: What is NFT?
by
zasad@
on 28/04/2021, 14:29:11 UTC
The whole world are raving  Cryptocurrency and NFT’s became a way to make money online . However what's it NFT and why alot of people buying these high-ticket digital collectable?

“NFT” is brief for non-fungible token. “Non-fungible” implies that the item is exclusive and can’t get replaced with something else.


And this how  it works;  you'd be issued a token that represents one thing, like, as an example, the copyright to a music track that you simply do. however you'd ought to create a cryptologic proof, so issue a token on it, and anytime somebody within the world uses this track, you've got a smart contract that tracks the token and who uses it…and keeps track of the rights & royalties that get distributed to the creator of the music .
The forum has a great topic about NTF tokens.
Most of the information is relevant.
Everything you need to know about NFTs tokens
https://bitcointalk.org/index.php?topic=5274952
Use search before creating new themes.Legislation always lags behind technology, so don't try to compare different directions.