What is NFT cryptocurency

HomeWhat is NFT cryptocurency -What is NFT? NFT or Non-Fungible Token is a digital asset as proof of ownership of one or more items purchased with crypto currency. The emergence of NFT can attract a lot of public interest and attention, including in Indonesia.

NFT or Non-Fungible Token is an investment asset that attracts many people. NFT itself has a variety of media, for example, works of art, music, video clips, and so on.

You can find NFT in various digital formats, such as Graphics Interchange Format (GIF), Joint Photographic Experts Group (JPEG), Protable Network Graphics (PNG), and others. Read to : What is NFT cryptocurency

NFT it self has differences with other crypto assets that both use blockchain technology such as Bitcoin. This statement was delivered by the President Commissioner of PT HFX International Futures, Sutopo Widodo.

He explained “NFTs are usually created using the same type of program as cryptocurrencies, such as Bitcoin or Ethereum. However, the equation ends there on Wednesday, December 22, 2021.

Cryptocurrencies always have the same value, Sutopo explained that Rp100 will always be worth Rp100, the same way 1 Bitcoin will be worth 1 Bitcoin.

This equation makes crypto assets a trusted medium of exchange for transactions on blockchain. In contrast to NFT, these similarities do not apply to NFT.

He said that each NFT has a digital signature that cannot be exchanged or matched with one another. Or to put it more simply, 1 NFT clip will not be worth the same as 1 other NFT clip just because they are both NFT.

He also explained again, NFT is a unique investment phenomenon that changes the conventional investment paradigm as it is known so far. NFT can be a big prospect for artists, because every digital work can now be certified or tokenized to be like a copyright where the copyright can be traded.

It is influenced by the future that the work will be done virtually, if a work or work is not to be duplicated, it will require NFT in order to protect a copyright.

What is NFT cryptocurency

By Harga

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