NFTs have gained a huge following and mass popularity since last year and are slowly becoming a part of the everyday mainstream. It is predicted that we all will have our own parallel unique digital identity in the near future and NFTs are the stepping stone to that. No wonder NFTs have risen so high so suddenly.
El Palucho Scott Storch by Swissx
Let us understand, what exactly is a non-fungible token. An NFT is a digital asset that represents real-world objects like art, music, digital content, photographs, and videos. They are bought and sold online, frequently with crypto, and are generally encoded with the same underlying software as many cryptos. If something is non-fungible it means it has unique properties so it can’t be interchanged with something else. With NFTs, it is all tokenised to create a digital certificate of ownership that can be bought and sold.
NFTs are revolutionary in some sense as they provide a digital smart contract that is on the blockchain and can be accessed from anywhere. Thus, making the transactions and ownership transparent and authentic. From NFTs of exclusive art pieces to movies, NFTs are taking over the world. With huge celebrity backing there is no doubt that the phenomenon is being widely adopted by the masses. NFTs are special because of their exclusivity factor and their value add. They are already being sold in the secondary market, which shows the value and demand currently.
FilmOn TV has dedicated NFT and Crypto channels to keep up with the latest buzz around Crypto and NFTs. These channels bring the latest news and discuss the trending topics from the NFT and Crypto world to keep one updated.
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