NFT in Edu: What Does the Future Hold?

What are NFTs?
According to the Merriam-Webster definition, a nonfungible token (NFT) is a unique digital identifier which cannot be copied, substituted or subdivided. Once created, the NFT is then recorded in a blockchain which is used to certify its authenticity and ownership. An NFT is not a tangible object but rather a form of proof that shows ownership and purchase. These blockchain-based tokens can represent artwork, digital content, media or even event tickets. An NFT is an irrevocable digital certificate of ownership and authenticity for a digital or physical asset.

NFTs have unique digital identifiers and are stored on a blockchain, a system that is used to keep a record of transactions made in bitcoin or some type of cryptocurrency. NFT records are kept across multiple computers that are linked in a network and through the blockchain, can be sold or traded. NFTs are created through a process called “minting,” in which they convert digital files into a cryptocurrency collectible. The process of minting is how NFTs are uploaded to the blockchain.


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