NFT, why is it that global interested?
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What are NFTs?
Generally NFT ais based on the Ethereum blockchain. ⓒunsplash
What is NFT, and why is it that global interest is so high? A non-fungible token(NFT) is a certificate that proves ownership. A separate unique recognition value was given to digital assets so that they could not be replaced with others. It is used in various fields such as games, art, sports, fashion, music, and video, and its scope is gradually expanding.
Since NFTs are issued based on the Ethereum blockchain, payments are often possible with Ethereum. It can be said that the value of Ethereum rises according to NFT attention in the same context. Ethereum, which is called ‘digital crude oil’, is undergoing an upgrade to overcome the disadvantages of delayed payment times and rising fees. The more advanced the technology of Ethereum and the less insecure elements, the faster the NFT market is likely to grow.
In particular, NFT can be a technical authentication method that can give ownership and manage records and values in the digital realm as assets. This has the advantage of being impossible to counterfeit due to its scarcity and uniqueness. In addition, since all ownership information is stored, it has the advantage that it can be checked at any time and can be managed transparently.
