How is an NFT different from other digital assets?
Posted On: Jan 03, 2023
Unlike other digital assets, such as a digital photograph or a file, an NFT is unique and cannot be replicated or replaced. This uniqueness is ensured by the use of a blockchain, which assigns a unique identifying code to each NFT and verifies its ownership and authenticity.
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NFT Interview Questions
What is an NFT?
An NFT (non-fungible token) is a type of digital asset that represents ownership of a unique item or concept, such as a piece of art, a collectible, or a virtual real estate property...
NFT Interview Questions
How are NFTs created and traded?
NFTs are typically created using smart contracts on a blockchain platform, such as Ethereum...
NFT Interview Questions
What are some common use cases for NFTs?
NFTs are used in a variety of contexts, including as a way to authenticate and sell digital artwork, as a way to represent ownership of virtual real estate or in-game items, and as a way to collect an..