The NFT refers to a non-fungible token which is a unique token that allows people to own digital ownership of memes. arts, game items, etc in the form of tokens.
The NFT are generated on the blockchain, however, the transaction records are validated multiple times and remain permanent which is completely secured. The data records are Immutable which can't be modified. Moreover, the fine properties of NFT are that the tokens are identifiable and the duplication can be neglected in a stable format.
Token standards supported for NFT creation
The Non-fungible tokens can be created on the Ethereum, Tron and Binance smart chain as well. Hence the NFT is about holding digital ownership it can be created on a certain token standard supported by Ethereum and Tron. The Token standard used for NFT creation include.
Attributes of Non-fungible token (NFT)
- Digital ownership
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