Many innovations are taking place in the world of technology. One of them is NFT (Non Fungible Tokens).
NFT is a digital asset. The designer can put creations like tweets, photos, videos, digital art for sale.
Those who purchase the digital version are assigned a unique number, changing their ownership rights. That means that digital version will be the only one in the world.
In addition, ownership details are entered into a blockchain-based public ledger. This allows anyone from anywhere in the world to see who owns the digital version.
Ownership details cannot be changed by anyone else due to blockchain technology that prevents hacking. You could sell that digital file to someone else in the future.
As this trend becomes so popular some enthusiasts are becoming NFT creators and making money.
Although the NFT started in 2017, it has rebounded unexpectedly since the end of 2020. The NFT market value is expected to reach $ 35 billion by the end of 2022.