What Is Non-Fungible Token (Nft) And What Is Not?

Non-Fungible Token (NFT) which we have heard more often since the beginning of 2021, is a digital asset that use blockchain technology and mostly operated within the Ethereum. NFT is a digital token that cannot be exchanged or replaced, and may represent many tangible objects in the real world, such as songs, art works, GIFs, virtual game items, videos, cartoons. NFT is technically not the work itself, whereas it is a metadata file that contains the unique combination of Token ID and contract address.

The reasons why NFT is so preferred especially in the art community are; it functions as a digital certificate/registry through the blockchain technology, thus providing transaction security, allows transactions to be carried out quickly and without any central authority in the digital environment. NFT also has a structure that can help to prove ownership of the work, allows the author to reach a wide audience and help them to overcome the physical