They can represent content or objects present in the real world such as works of art, music, collections, games, images, audio and much more.
Anyone who buys an NFT does not buy a material good but buys the right to that good. For example, if a user buys a work of art, he does not buy the work of art itself but the right to that work which is guaranteed by a smart contract.
A smart contract is nothing more than a software austria phone data based on blockchain technologies that allows you to manage and carry out transactions without the need for intermediaries.
In light of what has been said above, we can classify the characteristics of NFTs into:
Rare: Because the value of tokens comes from scarcity.
Indivisible: cannot be divided into smaller units.
Unique: the original is always and only one that is identified by the blockchain.
How do they work?
NFTs , as anticipated, are based on the blockchain , the system underlying cryptocurrencies and the distributed ledger on which transactions are recorded.
An NFT is created from digital content that can represent tangible and intangible objects, including: Artwork, Videos, collectibles, virtual avatars, music, GIFs and more.
NFTs can only be owned by one person at a time, and the unique data on NFTs makes it easy to verify ownership and transfer tokens from one owner to another.
The main NFT trading platforms are: OpenSea.io, Rarible, Foundation.