What does blockchain nft mean, and what does the NFT concept mean

NFT, or non-fungible token, is a unique cryptocurrency token that is used to represent digital assets based on blockchain technology. Compared with fungible tokens, it has two significant features: the first is non-fungibility, which means that each NFT has a unique and unique identity and cannot be swapped in pairs; The second is indivisibility, where the smallest unit of an NFT is 1. These two characteristics allow NFTs to provide us with a way to tokenize ownership of native digital assets.

At present, the digital collections sold by the "Netdisk Chaoyun Digital Collection Platform" are a form of application of NFT. Digital collections are a kind of digital assets, such as tickets, paintings, photographs, gifs, emojis, etc. If you are interested, you can go to the network disk app to see, their Chaoyun digital collection platform is supported by the "super chain" blockchain technology, the network disk is developed and operated based on blockchain technology, involving the issuance of digital collections, information display and trading platform, to meet the needs of users for digital collections, appreciation and sharing, and is committed to the promotion of digital art and traditional culture.

The "Dingding Central Plains Series Digital Collections", "Meng Meow Travels Series Digital Collections" and "Dunhuang Series Digital Collections" sold by the platform are not only of great ornamental value, but also have profound historical significance, which has attracted great attention.

The full name of NFT is Non-fungible tokenHomogenizationTokens.

Usually refers to developers on Ethereum.

The tokens issued on the platform according to the ERC721 standard protocol are indivisible, irreplaceable, and unique.

This means that it can map the **, sound, image, and various native digital creations in the virtual world, as well as everything in real life. NFTs redefine "ownership".

NFT Concept Importance:

Through the technology of NFT, it becomes a "unique book" with only one or more fixed versions of different IDs, and smart contracts.

to anchor creators, digital artworks, and collectors.

but does not prevent others from appreciating or reading these digital works, thus giving them collectible attributes and making them accessible through blockchain technology.

of the trading platform for circulation.

And the decentralization of blockchain.

It solves the two major problems of authenticity and confirmation of rights in the circulation process of digital works.

NFTs can be in a variety of forms, such as: files, files, or files. In fact, it uses the traceability of the blockchain to track each NFT to prevent the appearance of counterfeit fakes.

Usually, in the process of creating an NFT, you only need to pay a small amount of digital currency as a handling fee to complete the minting of the NFT, so after creating your own NFT, the next step is to consider choosing the NFT marketplace ** your work.

Creating an NFT doesn't mean your NFT will be able to **, the market is full of NFTs that no one cares about. Of course, choosing a reliable NFT trading platform can greatly increase the odds of your work being sold. As the world's top NFT + Web3 trading market, Planft's platform transactions are carried out through smart contracts without middlemen, which directly eliminates middlemen to make the difference.

On the other hand, Planft does not charge listing fees and no transaction fees, which truly maximizes the benefits of users.

What is an NFT Token?

Non-fungible tokens (NFTs) refer to a unique class of digital assets whose ownership is transferred on-chain, such as the Ethereum blockchain. Claims on physical assets, from digital goods, such as items that exist in virtual worlds, to physical assets, such as clothing or real estate, can be represented by NFTs. In the coming years, we'll see NFTs being used in a whole new set of use cases that can only be achieved on the blockchain.

Although most NFT projects are currently active in the Ethereum ecosystem, other smart contract platforms can also support NFTs. After all, at the end of the day, NFTs are just digital abstractions that represent one-of-a-kind assets.

"Non-fungible tokens" may not sound intuitive because in the physical world, we don't usually care about the homogeneity of objects, but when considering how assets are represented on the blockchain, there are important technical differences. This article is not intended to go into detail about the many aspects of NFTs, but rather to provide a high-level overview of what NFTs are, why they are interesting, and introduce some of their potential applications.

It does not matter.

NFT is Apenft** in Ethereum.

Ethereum and TRON.

Supported by the underlying technology of TRON, combined with BitTorrent, the world's largest distributed data storage system, the development is committed to the world's top macro round artwork NFT and blockchain.

**. Alibaba, NetEase.

And so on are laying out this thing. There are few words for the competitiveness of Chinese companies. Internationally, large Internet companies also have layouts. Cryptocurrencies.

The trading platform is also launching its own NFT trading platform one after another. Binance announced its launch back in May.

Note: ERC721 has a problem with each smart contract.

Only one NFT asset can be issued, and in scenarios where NFT assets are abundant, such as game props, it means that many smart contracts need to be deployed, which increases the consumption of network gas fees.

The Enjin team of crypto project has proposed ERC1155 to improve ERC721, making it possible for each contract to issue any kind of NFT assets. The ERC1155 standard is also officially recognized by ETH as one of the token standards on Ethereum.

In addition to the development of crypto cat NFTs after more than two years of renting, major scenes such as game props, tokenized electronic tickets, collectibles, and crypto art have been formed. A common feature of these scenarios is that valuable things have irreplaceable differences, which are very suitable for using NFT tokens to mark their digital ownership on the blockchain, among which crypto art is currently the fastest-growing NFT application market.

An NFT is a non-fungible token. The digital currency has the characteristics of indivisibility and irreplaceability, because the digital currency itself is based on blockchain technology and can store information well in the blockchain. Of course, if an investor resells his currency holdings to another investor, the ownership of the currency will be transferred accordingly.

Tokens are fungible and non-fungible and fungible in both cases, so there are some differences between the two.

Blockchain is an electronic repository for data and information sharing. From the perspective of science and technology, the structure of the blockchain is very complex, covering some precise scientific problems such as mathematics and cryptography, which requires the support of a huge and complex computer programming booth. Blockchain cannot be manipulated artificially, which is determined by its essential characteristics.

Like the earliest reference to the blockchain is Bitcoin, Bitcoin was created on January 3, 2009, the number is limited, the scale is limited, and it is in this way that the investment value of Bitcoin is also amplified, Bitcoin relies on blockchain technology, making the virtual currency widely circulated around the world.