What is a NFT ?
Short for Non-Fungible token, its an asset like artwork (digital content) that have been tokenized on Blockchain. Tokens are unique identification codes created from metadata via an encryption function. These tokens are then stored on a digital ledger, while the assets themselves are stored in other places. The connection between the token and the asset is what makes them unique.
NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them.
In short:
What’s Murky wear’s NFTs about?
The original hand drawn artwork you get on your t-shirt, can now by purchased as a digital asset as well (NFT), which means you can either own a physical product of Murky wear or a digital asset in this case a NFT is the artwork, modified and colored to make each NFT design unique.
NFTs are being build…
- NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
- NFTs represent digital collectibles.
- You can trade your NFT for money, crypto currencies or other NFTs.