NFT Basics: The beginners guide

NFT Basics: The beginners guide

Kunal Chowdhury Kunal Chowdhury

Kunal Chowdhury

Solution Architect at Wipro | WPMP | Ex: CTS, Varian | Shipping, Healthcare, Media and Entertainment | Expert in C#, .NET, WPF, Jenkins, Azure DevOps | Microsoft MVP (2010 - 2023) | Tech Evangelist | Content Creator

发布日期: 2022年4月18日
+ 关注

Would you like to learn about #NFT? Here's a beginners guide to get started with it:

What is NFT?

  • NFT stands for Non-Fungible Tokens, where each token has its own identity and metadata to distinguish them from each other.
  • An NFT is a digital asset, stored in #Blockchain. It can be an image, audio, video, or any other media.

What do you mean by "Non-Fungible"?

Anything that can be exchanged in its original or equivalent state is known as "Fungible". On the other hand, the items that are already modified or can't be exchanged in its original or equivalent state are known as "Non-Fungible".

For example, when you exchange a $ with your friend, that is "Fungible" because you will get exactly the same $ value either as a single note or in a bunch of small denominations.

On the other side, if you lease a car, it is "Non-Fungible". Because you can't return it in the same state when it was borrowed.

Similarly, you can't exchange your ID card with your friend as both have a different meaning, person, and place.

How does NFT Work?

  • The majority of NFTs reside on the Ethereum blockchain, which is a distributed public ledger that records all #crypto transactions.
  • The unique data of NFT makes it easy to verify and validate their ownership and the transfer the tokens to another.

领英推荐

How does NFT Work?

  • The majority of NFTs reside on the Ethereum blockchain, which is a distributed public ledger that records all #crypto transactions.
  • The unique data of NFT makes it easy to verify and validate their ownership and the transfer the tokens to another.

What is the use of NFT?

The most significant use of NFT is in digital content, gaming items, investments in #cryptocurrency.

How to buy NFTs?

  • You’ll first need a digital wallet that allows you to store your NFTs.
  • You will then need to buy some #cryptocurrencies depending on what currencies your NFT provider accepts.
  • Then move it from the exchange to your wallet.

Some popular NFT Marketplaces:


要查看或添加评论，请登录

Kunal Chowdhury的更多文章

  • Git Tutorial for beginners (Git Bash Commands)
    2022年8月22日

    Git Tutorial for beginners (Git Bash Commands)

    Version Control Systems are softwares tools that help a software team to manage changes to their source code. It keeps…

    8 条评论
  • [Review] Snoopza - The best FREE Android Phone Tracker
    2021年2月9日

    [Review] Snoopza - The best FREE Android Phone Tracker

    Mobile phones provide lots of benefits to the users at present, and one of them is the free phone tracker facility…

  • Importance of Code Review
    2014年2月19日

    Importance of Code Review

    As a developer we all write lots of code, we all try to write better code in our module and want to keep away those…

    2 条评论

社区洞察

其他会员也浏览了