what is NFT

 what is NFT:-

pic. NFT

NFT is stand for non-fungible token 

non-fungible means unique or which has no replacement and token means you know very well the money is a type of token that can be traded for the same and different thing but some of the things are non-tradable with money they are unique and priceless for understanding NFTs, you have to understand the treading history

pic. NFTs

history of trading:-

Trade originated from human communication in prehistoric times. in the era of the stone age, humans are developing their knowledge after the evaluation the trading has come in the form of goods and services trading goods and services trading.

 

let is explained through an example:-

I am a farmer and you are also a farmer but you have grown much more wheat than me but you do not grow much rice and on the other hand, I have grown much more rice and less wheat so for a balanced diet we change wheat for rice and rice for wheat.
but after a long time, this method of trading is failed 

so the currency comes into the market:-

firstly gold coin 

then silver coin 

then copper coin 

then the bank prints currency as a bond

pic. currency

but in the 21st century, the currency for trading is old and failed method for the future

now the blockchain came into the market:-

cryptocurrency like bitcoin this is a different topic let's stick to our topic "what is NFT" 
we are talking about currency but we have other forms of trading now that is a cryptocurrency or blockchain and NFTs are also based on blockchain

pic. bitcoin

NFTs is a non-fungible token which means a unique digital token you have ownership for that thing that can be trad for a cryptocurrency this thing is like Oksen in the physical world
when you know about what is NFT so you have to also know about there uses 

pic. blockchain

USE of NFT:-

NFT can be anything an art, a video, a photo, a character, etc. so you heard about metaverse (Facebook) that is the future and many investors are trying to catch this opportunity. NFT can be used as an Oksen marketplace for the artist where an artist can sell their artwork directly to art lovers or art collecters where your art can have any type an art, a video, a photo, a gif, etc.

there is much use of NFTs

1:- NFTs can be used for the ownership of art 

2:- NFTs can be used as a collection of art

3:- NFTs can be used as a trading

4:- NFTs can be used as the marketplace of art

5:- NFTs can be used as an earning method

some examples of NFTs

pic. from Twitter by HYPEBEARS

pic. from Twitter by Magical Ones

NFTs smile with black heart

pic. from from Rarible by vesavaarah

NFTs smile with black heart:-

pic. from from Rarible by vesavaarah