Speaking of the current Internet buzzword “blockchain”, we have to mention “NFT”.
NFT is an emerging industry, and it all starts with the development and popularization of blockchain technology. If blockchain technology has not been recognized yet, I believe NFT will not become popular.
What are NFTs?
NFT (Non-fungible token), that is, non-fungible token. It relies on blockchain technology to confirm the rights of digital commodities such as digital artworks and digital tickets. After a digital product is encrypted through NFT means, it will have its own “digital certificate”. This certificate will be permanently stored on the blockchain and cannot be copied or tampered with. Therefore, each NFT commodity is unique and carries a unique digital asset value.
At present, the most common development of blockchain NFT is the development of digital collection trading platform. In the NFT market, digital collection is not only an object of transaction, it can also bring great technical advantages.
Advantages of blockchain NFT digital collections:
1. Blockchain technology marks the owner and uniqueness of a work. Based on the non-tampering characteristics of information on the blockchain, it can realize the storage and verification of the ownership of online works and reduce the cost of confirming the rights of works.
2. The information on the blockchain cannot be tampered with, is open, transparent, and traceable, making the ownership information of the collection easier to query and more credible.
3. Blockchain NFT digital collections mark the uniqueness of digital works and limit their reproducibility at the code level.
4. Blockchain NFT digital collections can record the future flow of works through blockchain and smart contract technology. While the creator retains the copyright, he can also get a share from the resale of the works.
Blockchain NFT development can provide us with better technical services. At the same time, traditional products, when combined with NFT, can protect the rights and interests of both parties to the transaction. This is the biggest advantage of digital collections developed by blockchain NFT.
