NFT stands for Non-Fungible Token, which means it is irreplaceable token.
- Digital files such as pictures and videos are assigned a unique serial number, and it is permanently preserved by storing an ownership on a blockchain which makes it impossible to forge. The ownership can be seen in a decentralized form.
- In other words, it resembles a quality guarantee for intangible assets.
Digital assets that have its own NFT identification number are recorded in blockchain technology like the cryptocurrency. And it cannot easily be touched by others.
In addition, even if same file is created with NFT, it can be distinguished from the genuine product because it is given different serial number from the one that was created ahead.
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