What is NFT?

Non-fungible tokens (NFTs) are unique, digital items with blockchain-managed ownership.

NF’s history is older than we thought

Just as we had digital currencies before cryptocurrencies emerged, we’ve had non-fungible digital assets since the dawn of the internet. Tickets, game cards, even handles on social networks like Twitter or Facebook, are all non-fungible digital assets and they were before the cryptocurrencies came.

What did Blockchain add to non-fungible assets?

Yes, we had NF assets before blockchain came along, but we didn't just really own it. *Blockchain gave users ownership and management permission by providing a coordination layer for digital assets. *Blockchain has added several unique properties to immutable assets that alter user and developer relationships with those assets.

And blockchain added a few features to non-fungible assets:

1.Standardization

The Internet has standards like TCP/IP, HTTP, and, we have content standards like JSON, JPEG, etc. So you can consider blockchain’s standard like them. It is possible to write reliable contracts within a certain set of rules.

2.Interoperability

(Interoperability: The ability of computer systems or software to exchange and make use of the data.) When a developer launches an NFT, these NFTs are immediately viewable inside dozens of wallet providers, tradeable on markets, displayable inside of virtual worlds.

3.Liquidity

This is a really important feature because with this property you can sell your NFTs very quickly and also you can buy NFTs in seconds. That means NFTs have higher liquidity. NFT market places have a variety of audiences.