Description

Non-fungible tokens (NFTs) have countless applications. They are a key component of Web3 and the point where the digital and physical worlds converge. What benefits does this new technology provide? A financial journalist could recognize the opportunity to avert a financial catastrophe. The opportunity to create a community out of an audience for a marketer. The chance for a human rights advocate providing marginalized populations with an official identity. Still, we’re assuming too much. Let’s examine the development of this technology and the problems it aimed to address to comprehend the idea behind NFTs.