What is NFT? Here’s How to Own and Sell NFT

TRIBUNNEWS.COM – Here’s an explanation of what it is NFT, complete with how to own and sell NFT.

NFT stands for Non-Fungible Token and is a derivative investment product of crypto.

Reported Kontan.co.id, NFT sales will reach around US$ 25 billion or around Rp 357 trillion in 2021.

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Then, what is it NFT?

Gazetted Tribunnews.com Previously, NFT was a crypto technology, a type of digital certificate that certifies the party that owns the photo, video, or other virtual form.

The digital ownership certificate is recorded on a blockchain that supports cryptocurrencies such as Bitcoin or Ethereum.

When it is registered in the blockchain then NFT yours is no longer possible to be duplicated.

Details recorded to identify that NFT those are yours i.e. code number and metadata.

The code number consists of the token issuer, original owner, and final owner for collectible works.

Because it cannot be duplicated, it can be said NFT this is a very valuable asset in cyberspace, like assets in the real world such as a house or jewelry.

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