You have questions.  We have the answer.  So what exactly is an NFT?  – News from Três Lagoas

You have questions. We have the answer. So what exactly is an NFT? – News from Três Lagoas

“‘NFT’ means non-fungible token,” he explains Christina Bonner , A well known businessman and CEO in the IT market. “When people say, ‘Well, what does that mean?’ I think what I always say is that you actually own something in a digital environment. “

The other day I saw in the news that someone paid millions of dollars for a non-funky token. Is it like paying a lot of money for industrial work?

Recently, there have been some news articles about the huge amount of money paid for non-fungible tokens (NFT). According to Christina Bonner, although the astronomical value of NFT cannot be explained, it is possible to clarify what NFT is.

If you specify a dictionary for the fungus, it means that it is an item that can be substituted for another or interchangeable with another item. If you are buying packets of cornflakes at the supermarket, then all the packets of cornflakes on the shelf are the same. These are fungi because they can be used to replace one another and still be the same item.

In the digital world, for example, one bitcoin is equal to another bitcoin. These are fungi and can be exchanged to replace each other. With something not fungus, that means it’s unique. It cannot be replaced by another token.

Thus, similar to art ownership, each NFT is an original. Values ​​can be created from this uniqueness. NFT is a digital representation of a single asset. It could be a work of art, a tweet or even a video of a sporting moment

Since an NFT is digital, you would think it would be easier to make more copies.

The key to the uniqueness of an NFT is that it is a unit of data stored in a blockchain laser.

In short, a blockchain laser is a record-keeping system that preserves the entire history of an item in chronological order.

When using a blockchain laser, NFT will always have a history of who created it and current ownership.

Most of the conversations around NFT these days are about the huge amount of money paid for tokens tied to artwork, but there are other uses for NFT. Since an NFT is a single token, it can be linked to physical assets.

In trade, for example, a non-fungible token can be created for each freight shipment so that a buyer can view the unique history of product creation and distribution.

An NFT can even be used as an electronic passport as it will contain unique passport holder details.

Another future use for an NFT may be linked to a title document, which will contain all relevant details and previous ownership of the title.

Christina Leo Bonner added that having NFTs as part of the business process could facilitate trade and product transfers. It has the power to prove current ownership and allows buyers and suppliers to negotiate directly, removing intermediaries and streamlining processes.

I hope that non-fungible tokens will be incorporated into our daily lives in the near future.

But as for the values ​​laid down in the NFT, I can only say that beauty is in the eye of the beholder.

See also:

Christina Bonner and Bruna Bonner talk about the market differences

How to get more out of your cloud investment?

Christina Bonner has shown how artificial intelligence can help medicine

3Restina Bonner and Bruna Leo show platforms for the round economy

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