The name NFT continues to stand out in the token market, which has been increasing in recent days. NFT stands for Non-Fungible Tokens, ie non-tradable tokens, which emerged in 2015 using crypto money technologies and became increasingly popular in the world. So what is NFT, how is it done?
WHAT IS NFT?
NFTs, i.e. immutable tokens, are specially designed so that they can be easily separated from each other and verified. These digital assets, which are generally created on the Ethereum infrastructure, are created according to the standards of ERC-721 and ERC-1155 tokens. Alongside the Ethereum infrastructure, developers of Eos, Neo and Tron have also released their own token standards to encourage NFT generation.
NFT, or Immutable Tokens, are specially designed to create products that are often copyrighted because of their properties. For example, when an artist creates his own work of art as a non-redeemable token, the artist creates a passive income for himself with each sale of the product.
HOW IS NFT MADE AND SOLD?
NFT tokens can be created and sold through many recently created platforms. It is possible to sell these immutable tokens, which have a special value of their own, on the internet with different platforms.