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Question

How nfts create value?


Answers (1)

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Arsalan Afzal
Jan 27, 2022 06:50:37

In other words, because NFTs cannot be exchanged with other NFTs or digital assets, the term "non-fungible" means that they cannot be substituted, nor can they be duplicated or copied. Because NFTs have their own value, they cannot be exchanged with each other like regular cryptocurrencies. Therefore, NFTs act more like authentication than exchange. NFTs are not copyable or tamper-proof and are therefore particularly suitable for tracking the ownership of property that cannot be duplicated, such as property rights.

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