NFTs Pros & Cons: Understanding the Technology Better
In various ways, technology has altered our world. Most recently, blockchain technology has contributed to the cryptocurrency craze, sending Bitcoin to value in the tens of thousands of rupees and establishing a new trend. The Non-Fungible Token (NFT) is divided into two parts: The "non-fungible" side refers to the NFT's non-replicability—a one-of-a-kind asset with value. The "token" side refers to the NFT asset's proof of ownership. NFT assets include one-of-a-kind digital art assets, collectibles, real estate, event tickets, website domains, and tweets sold to investors via the blockchain. NFTs can also be any art rendered digitally, such as video, music, imagery, memes, or a combination of media. In this blog, we will look at the NFT marketplace's pros and cons. What precisely are NFTs? NFT stands for "Non-Fungible Token," and it serves two purposes: The term "non-fungible" refers to the fact that it is the only uncopyable form o