![]() If you’ve heard anything about NFTs before this, you probably wondered why pictures of cartoon monkeys became synonymous with this technology. In addition to this, much like swiping your ID card or scanning your passport can give you access to things, you can use the NFTs stored within your blockchain wallet to also grant access to anything the utility is attached to. NFTs can take the place of anything that requires one-of-one proof of ownership, including titles to homes, car registrations, Social Security cards, IDs and more. ![]() With cash, the owner is the physical holder of the bill in the digital world, ownership is confirmed by an immutable blockchain record that connects it with a user’s account called a “wallet.” Put plainly, it is a one-of-a-kind digital serial number whose ownership is associated with a digital wallet address. If you understand that dollar bills have a serial number, then you loosely understand the concept of an NFT. ![]() ![]() Of all the acronyms that accompany technology products, it is no surprise that “NFT” can get lost in a sea of letters, but once you understand the potential of Non-Fungible Tokens, you’ll realize this acronym could replace – and trump – them all. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |