What is an NFT?
Posted On: Jan 14, 2023
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. NFTs are stored on a blockchain, which allows them to be bought, sold, and traded like traditional physical assets, but with the added benefits of digital ownership and scarcity.
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NFT Interview Questions
How is an NFT different from other digital assets?
nlike other digital assets, such as a digital photograph or a file, an NFT is unique and cannot be replicated or replaced...
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..