What is NFT and How It is Important for Creators and Businesses?
A non-fungible token (NFT) is a digital asset which is verifiable on a blockchain technology; and therefore, assets include music, artwork, etc.. Furthermore, it is a gateway to participate in the process of purchasing and selling of digital assets. Why are NFTs Important for Creators and Businesses? NFTs are important for creators and businesses in various ways; but the main reason is that once a single NFT is sold, a percentage of that sale is sent to the creator's wallet. It guarantees that the creators are always linked to their projects. Additionally, the NFT with its blockchain technology replaces the news for certification of ownership. Besides this, NFT became a popular investment in the year 2021. How does NFTs Work? NFTs are marketed and distributed through certain online marketplaces. An individual should have cryptocurrency in order to buy the digital asset and create an account on the NFT marketplace which is highly connected to the cryptocurrency wallet contain...