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NFT in plain language
We have two types of assets:
- Interchangeable assets
Non-replaceable assets (NFT)
In this video, we will get acquainted with the concept of irreplaceable assets, their application and how to make it.
Blockchain technology and the digital currency market are introducing new features every day, one of which is the features and capabilities of NFTs. In this article, we are going to talk more about NFTs and the profit-making opportunities that this market offers us.
When we talk about the nature of NFT, we need to know that we can have two types of assets for ourselves, which include:
Fungible
Non fungible (NFT)
What do these two arguments mean now? Let's look at this with an example.
When I have a 10,000 Toman banknote, whether it is in my hand or in your hand, it is worth 10,000 Tomans in both cases, which means Fungible Fangible, or in the other case, take a chance. I am interested in a ring. And I am ready to pay one million tomans for a ring, but you are not interested in it, and for you this ring is not worth more than 200,000 tomans, which means Non Fungible or NFT or Fangible bread.
So before the Fungible Tokens, which in our example were the same 10,000 Toman banknotes, assets such as antiques whose credit and mental value can be different for everyone.
But in the world of digital currencies, the cryptocurrencies have the same order as the 10,000 Toman banknote, and other digital products, such as music, can have the same order as the ring and are traded in the NFT or Non Fungible market.
Now that we are familiar with the concept of NFTs, let's see what products we can use to tokenize Non Fungible technology and sell it in markets, for example in the field of media all videos, music, e-books can be a digital product to be tokenized. And be sold in the form of an NFT token in the markets, or in the gaming industry, for example, a company designs a very attractive game and can tokenize it and sell the franchise of this game in the NFT market, or for example, suppose a company He was able to prepare a server space and blockchain technology and come to tokenize it and sell it to you in the NFT market.
Therefore, any digital product can be tokenized and sold in NFT form in different markets. Suppose you are a graphic designer or a filmmaker and you want to tokenize and sell your product. Mintbase) and how can we use these platforms?
We upload our digital product through the file on these platforms, while our account is connected to our Atrium wallet, and that product is tokenized and can be offered in the NFT market.
Now that we are familiar with the concept of NFT, if you are an artist or producer of digital products, for example, you can provide a server, or you are a game designer, or you are a good graphic artist, filmmaker or musician, you can tokenize your products in this market and sell them. Bring it. This market may not have reached its final growth now because it is a fledgling market, but in the future it will be predicted that even non-digital products can be tokenized and sold as NFT.
We have two types of assets:
- Interchangeable assets
Non-replaceable assets (NFT)
In this video, we will get acquainted with the concept of irreplaceable assets, their application and how to make it.
Blockchain technology and the digital currency market are introducing new features every day, one of which is the features and capabilities of NFTs. In this article, we are going to talk more about NFTs and the profit-making opportunities that this market offers us.
When we talk about the nature of NFT, we need to know that we can have two types of assets for ourselves, which include:
Fungible
Non fungible (NFT)
What do these two arguments mean now? Let's look at this with an example.
When I have a 10,000 Toman banknote, whether it is in my hand or in your hand, it is worth 10,000 Tomans in both cases, which means Fungible Fangible, or in the other case, take a chance. I am interested in a ring. And I am ready to pay one million tomans for a ring, but you are not interested in it, and for you this ring is not worth more than 200,000 tomans, which means Non Fungible or NFT or Fangible bread.
So before the Fungible Tokens, which in our example were the same 10,000 Toman banknotes, assets such as antiques whose credit and mental value can be different for everyone.
But in the world of digital currencies, the cryptocurrencies have the same order as the 10,000 Toman banknote, and other digital products, such as music, can have the same order as the ring and are traded in the NFT or Non Fungible market.
Now that we are familiar with the concept of NFTs, let's see what products we can use to tokenize Non Fungible technology and sell it in markets, for example in the field of media all videos, music, e-books can be a digital product to be tokenized. And be sold in the form of an NFT token in the markets, or in the gaming industry, for example, a company designs a very attractive game and can tokenize it and sell the franchise of this game in the NFT market, or for example, suppose a company He was able to prepare a server space and blockchain technology and come to tokenize it and sell it to you in the NFT market.
Therefore, any digital product can be tokenized and sold in NFT form in different markets. Suppose you are a graphic designer or a filmmaker and you want to tokenize and sell your product. Mintbase) and how can we use these platforms?
We upload our digital product through the file on these platforms, while our account is connected to our Atrium wallet, and that product is tokenized and can be offered in the NFT market.
Now that we are familiar with the concept of NFT, if you are an artist or producer of digital products, for example, you can provide a server, or you are a game designer, or you are a good graphic artist, filmmaker or musician, you can tokenize your products in this market and sell them. Bring it. This market may not have reached its final growth now because it is a fledgling market, but in the future it will be predicted that even non-digital products can be tokenized and sold as NFT
**Training in making and buying and selling NFT in the next parts, please support us by liking and following so that you do not miss the next parts.
