Sitesoch
01-10-2022
Non-Fungible Tokens aka the NFTs are digital assets or a type of digital certificate for owning goods or an asset that represents a great variety of intangible and tangible items such as paintings, virtual real estate, postcards, videos, and so on. NFTs cannot be replicated or equated with an asset that is similar, because every non fungible tokens asset is unique on its own.
To make things more clear to you, let’s take an example of a game ticket. If you give someone a baseball game ticket, then obviously you would take the baseball game ticket. Right? If that someone returns you a movie ticket, will you accept it?
The answer: No, you will not, because a movie ticket will not be as equally valuable as a baseball game ticket. If we place this example in place of NFT, then the game ticket (which is an NFT) cannot be replaced or traded with any ticket, as every baseball game ticket has its own unique identity.
The same is the case with NFT, where you cannot just exchange or trade NFT tokens with similar value tokens, as each token is different from one another and has its own uniqueness and rarity.
How can you sell a web design you have already sold to a client?
You are not selling the design or its functionality, but a picture of the design you have created.
A new website lets you create an NFT (non-fungible token) for free but it is up to you to figure out how to sell it - because the website self-destructs the second you click away from it
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