Rahat Ahmed
Rahat Ahmed

@protons0010

19 Tweets 2 reads Nov 17, 2022
What are NFTs?
🧡 A thread ↓
The process of digital transformation, which has left its mark on the period we are in, continues to bring new concepts into our lives and change the world day by day. NFT, which adds new dimensions to phenomena such as digital ownership and aggregation, is one of them.
NFT sparks people's interest as a transformative topic in the digital world. Therefore, various issues such as the expansion of the NFT, its definition, how it is produced, how it is sold and bought, and in what projects it is used are among the questions whose answers are intrig
If you wish to gain qualified knowledge about NFT, it is a good idea to examine the answers to these basic questions in detail at the outset.
πŸ‘‰ What is NFT?
Expansion of the concept of NFT is expressed as "unchangeable token" or its equivalent in Turkey as "unchangeable token". In fact, NFT, which can also be expressed as a type of cryptocurrency, can represent a valuable asset, unlike other types of cryptocurrency.
For example, goods that can exist in the digital environment and that belong to a person can be classified as NFT. In this sense, NFT sees value as a commodity or a product rather than as a cryptocurrency.
One of the main reasons for their similarity with cryptocurrencies is that NFTs are also linked to a blockchain-based structure such as Bitcoin or Ethereum. NFTs are mostly collectible items.
For example, playing cards, which were very popular in the past, can be considered as NFT in the digital environment. Another difference between NFT and cryptocurrency is that each NFT is unique and can be designed differently.
πŸ‘‰ How are NFTs manufactured?
One of the most intriguing topics is how NFT is produced. The NFT generation is produced according to the ERC-727C token standards prepared by the developers of the Ethereum blockchain. Of course, it is important to make the task of NFT producers…
... easier here, because the technical side of the blockchain can become very complex.
Platforms that provide convenience for manufacturers to perform NFT productions facilitate this situation. In this way, what manufacturers need in the process is a digital wallet for cryptocurrency.
πŸ‘‰ How do you get NFT?
To purchase products from the NFT Collections, you may visit the digital sites designated as NFT Markets. In particular, some companies that were incorporated in New York in 2017 and continue to provide services in this sector stand out as the first market
In addition, the payments that you will pay to own an NFT can only be made with crypto funds. For example, NFT cannot be bought in Turkish Lira, US Dollars or Euros, at least for the time being.
πŸ‘‰ The relationship between NFT and digital art.
NFT collections, which are offered for sale in the digital environment and are of great interest, include all goods produced in the virtual environment and for which property rights can be acquired. However, …
... the share of digital art in all of this is very large.
In addition to digital art, popular fashion and accessory brands are transforming their products into NFT projects. For example, Jacob & Co.
The NFT watch released by the brand made a great impression. Collectors who buy watches in the name of NFT have the pleasure of getting.
This whole threads created by the @Eng_khairallah1. Must to follow him for more informative threads such as.

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