What is an NFT and How it works?

What is an NFT? [Non-Fungible Token] An NFT is a unique, digital asset that represents ownership of a specific item, artwork, video or other forms of digital content. 

Blockchain Technology: NFTs are primarily built on blockchains like Ethereum, Binance Smart Chain, or Flow. Each NFT is associated with a unique identifier stored on the blockchain

How NFTs Work:

Minting: The process of creating an NFT is called minting. When an artist, creator, or anyone else wants to create an NFT, they "mint" the digital item into a token on a blockchain.

Marketplaces: NFTs can be bought, sold, or traded on specialized platforms known as NFT marketplaces. Popular marketplaces include OpenSea, Rarible, SuperRare, and Foundation.