The expansion of the concept of NFT is expressed as “Non Fungible Token” or its Turkish equivalent as “Unchangeable Token”.
NFTs are also actually a type of cryptocurrency. But in this definition, the money in question can be any asset that has value outside of the definitions we know. That is, an NFT is a digital asset that has a value and can be collected. Assets that can be considered as NFTs; It can be any piece of art, video, tweet, a website, images, stories you create on social media, and more. All these digital assets can be NFTs when they meet the necessary conditions.
NFT is the technology that enables digital transactions to be traded over the internet. NFT, also called digital certificate, ensures that the authenticity of digital contents is represented. NFT transactions are tracked and recorded through blockchain technology. This system is encrypted in a way that prevents the data inside the NFTs from being changed.
One of the things that makes NFTs special is that each one is unique. The fact that digital assets cannot be copied, deleted or simulated makes them unique.
NFT certification brings many advantages to buyers as well as sellers. Thanks to the NFT system, the buyers between the buyer and the seller are eliminated and the two parties can communicate directly. Another advantage of this system is knowing who owns the property rights of the works and monitoring their market value.
NFTs exist on the blockchain just like other cryptocurrencies. In other words, NFTs are fully digital assets.
An immutable token (NFT) is a unit of data stored on a blockchain (a digital ledger) that can represent a unique digital item such as art. Although an artist can sell the NFT representing a work, the artist can hold the copyright to the work and create more NFTs of the same work. The recipient of the NFT does not gain exclusive access to the job, nor does the buyer acquire ownership of the “original” digital file. A person who uploads any work as NFT does not need to prove that they are the original artist, so there have been many people who have used that artist’s work for NFT without the permission of the original artist. This process is performed on various platforms.
