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Showing posts from April, 2022

How to Conceal the Major NFT Loopholes Using Blockchain?

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Non-Fungible Tokens (NFTs) are popular and have over 3.6 million users globally. Nobody could have imagined such a massive growth over a short period of time. The concept of ownership using a token has caught the attention of investors as well as collectors.  Even though NFTs have a huge fanbase, there are some potential investors who are not willing to buy NFTs. Having some loopholes makes these tokens lose their value from some investors’ points of view.  Do these loopholes really make a big deal? Is there any way to cover them up? Let us find out together! NFT and Its Sudden Boom NFT is abbreviated as Non-Fungible Token . They are the digital tokens representing the ownership of any physical or digital asset. The applications of NFTs are wide in the domains like art, gaming, real estate, music, entertainment, sports, and more. By acquiring help from a leading nft art marketplace development company , you can develop a custom NFT marketplace easily. The main reason for the boom of NF

Introducing Real-world Asset Tokenization of physical assets using NFT

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Non-F ungi Non-Fungible token (NFT) is undoubtedly one of the best tools for artists to showcase their talents directly to a mass audience. Furthermore, NFTs pave way for the collectors around the world to explore a wide range of collectibles.  Is NFT marketplace only for art? Of course not! - The application of NFT is widespread and can be seen in fields such as music, gaming, sports, entertainment, and so on. First of all, what does an NFT exactly mean ? NFT is an indivisible, unique token that represents the ownership of the creator over any real-world or digital asset . Anything can be turned into an NFT like a video, picture, gif, audio, etc.  What is the primary need of an NFT? As we know already, non-fungible tokens act as an authentication certificate and help in tracing the owner of an asset. Blockchain technology helps in avoiding any counterfeit activities like duplication and false ownership.  Real-World Asset Tokenization  Tokenization is the process of converting an asset