How NFT Works - 101 Blockchains

Non-fungible Tokens (NFTs) are the latest type of digital token which have caught everyone’s attention for all the right reasons. NFTs are unique as you cannot interchange or replace them because they feature some distinct highlights separating them from others. You can develop a clear impression of how NFTs work by understanding the different elements in the NFT ecosystem.

The notable elements in the NFT ecosystem include a blockchain platform, a token standard, value creation, marketplace and wallet, and key features. The key features of indivisibility, transparency, rarity, ownership, uniqueness, and interoperability serve as the foundation for working with NFTs. You can start exploring more about the working of NFTs with 101 Blockchains now.

Here’s the link to the NFT Fundamentals course:
https://academy.101blockchains.com/courses/nft-fundamentals

New in the world of Blockchain? Get started with our Free Blockchain Fundamentals Course: https://academy.101blockchains.com/courses/enterprise-blockchains-fundamentals

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If you have any questions regarding Non-Fungible tokens or are eager to learn more about NFTs, just write in the comment section below, we’ll be happy to connect.