Heard About Non-Fungible Tokens (NFT's) ?

Most people are more familiar with Fungible Tokens such as Bitcoin, Ethereum, Ripple and other cryptocurrencies. But, for good measure, cryptocurrencies are a digital currency. Transactions are verified and records maintained by a decentralised system using cryptography rather than a centralised authority.

Cryptocurrencies, as well as NFT's, run on the technology known as a Blockchain. Blockchain is a system of recording information that makes it difficult or impossible to change, hack, or corrupt the system. Meaning that there is safety and protection in the way this database operates. By its very nature, the system makes an irreversible timeline of data when implemented in a decentralised manner. This means that a significant degree of trust and certainty build into the system, which the perhaps traditional way of transacting has fallen short on. The result often was a denial of agreement or how reached it.