Non-fungible tokens (NFTs) are everywhere and have a lot of money associated with them. NFTs are just unique types of tokens that offer ownership of a particular asset and are not exchangeable. They have a wide range of applications, including programmable art, authentication of luxury goods, and verification of licenses and credentials. NFTs could open up possibilities for improvements such as improved liquidity in real estate markets, tokenization in the sports industry, and safeguards against asset forgery.
However, NFTs also experience some critical challenges, such as the formidable threats of their environmental impact and the legality of NFT ownership rights. Learn more about NFT applications in detail with a comprehensive guide on 101 Blockchains now.
Here’s the link to the NFT Fundamentals course:
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