NFT is a special type of cryptographic token. What makes it so special is that there is no other example of it and therefore it cannot be exchanged for another token of its own kind.
On the other hand, tokens of the Bitcoin or Ethereum platform, such as ERC-20, are exchangeable in nature, that is, they are tokens used in exchange for a particular service or application. Therefore, these tokens can be used in exchange transactions with similar types within their own Networks.
According to the latest data, $173 million in volume has been generated in the NFT markets to date. In total, 5 million 226 thousand 267 sales were realized. The average price is $33. There are many platforms for digitally storing real-world tangible objects and putting them up for auction. The number of these platforms is expected to increase exponentially day by day.
So, is it necessary to know the programming languages of the blockchain programmer or smart contracts to create an NFT?
Answer: Of course not. If that were the case, let alone this topic being popular right now, it could have been a dead trend before it was even born.
Today, it is possible to create your own NFT in minutes on many NFT platforms such as Rarible (Digital Collectibles), Opensea (Digital Marketplace), Nifty Gateway (Digital Art), superRare (Digital Art), Enjin (Gaming), Decentraland (Virtual Reality). For this, it is enough to have a digital wallet.
On some platforms (For example: Enjin), you can download the Enjin wallet and start creating your digital artworks after you sign up for the platform and complete the activation process by e-mail. Why are these tokens bought and sold?
Well, now we know that you have many questions in your mind. Why don't you simply say, copy-paste, that I don't put these products up for sale without using the blockchain?
In this regard, thanks to the use of blockchain and crypto payment methods;
When you print the original product, we cannot know whether it is original as there will be no appraisal.
Thanks to NFT, all records can be permanently confirmed on the blockchain, which cannot be changed later.
As for the quantity limit issue, you may be stuck with the restrictions of artists or galleries. However, in NFT, this entity can be defined as desired when it is first created.
The issue of copyright is a problem that has been going on for years. For printed products, this process is more and more challenging as the years go by. Thanks to the blockchain; Rules of copyright can be added to the token.
To sum up, in NFT, tokens are in limited supply and there is no exchange with a Token of its own kind, assets can be transferred fairly and securely through platforms in auction format, with predetermined copyrights, real-life assets can be exchanged between peers in a digital environment without intermediaries. It heralds that NFT will take an important place in the Internet of the future, thanks to numerous features such as transparency and the ability to track the asset easily even after years.
