NFT, short for Non-Fungible Token, refers to a non-fungible token.
NFT enables the ownership of digital files such as images and videos to be stored on the blockchain, making it impossible to commit forgery and falsification and storing them permanently. It also helps the ownership to be identified in a manner that is decentralized.
To put it simply, NFT is like labelling a token made with blockchain technology to digital files and assets such as images and videos.
Digital assets labelled with NFTs allow blockchain technology to record artwork owners and the transaction history, and this cannot be changed by anyone without permission due to the characteristics of technology.
Though the user duplicates the identical digital file with an NFT, it is like labelling another NFT different from the existing NFT. As such, it is distinguished from the original created with the NFT.
NFTs hold their own uniqueness. Ticket issuers, flights and seating positions are specified; therefore, they are like a flight ticket which has no identical product.
NFTs secure their uniqueness by leaving the encrypted transaction history permanently in the blockchain.
NFTs are different from a traditional method of securing uniqueness by obtaining a certification from a specific individual or organization.
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