Transformative Blockchain

nn-fngbl tkn (NFT) s nq dgtl dntfr tht s rcrdd n blckchn nd s sd t crtfy wnrshp nd thntcty. t cnnt b cpd, sbstttd, r sbdvdd. Th wnrshp f n NFT s rcrdd n th blckchn nd cn b trnsfrrd by th wnr, llwng NFTs t b sld nd trdd. ntlly ptchd s nw clss f nvstmnt sst, by Sptmbr 2023, n rprt clmd tht vr 95% f NFT cllctns hd zr mntry vl. NFTs cn b crtd by nybdy nd rqr fw r n cdng sklls t crt. NFTs typclly cntn rfrncs t dgtl fls sch s rtwrks, phts, vds, nd d. Bcs NFTs r nqly dntfbl, thy dffr frm cryptcrrncs, whch r fngbl (hnc th nm nn-fngbl tkn). Prpnnts clm tht NFTs prvd pblc crtfct f thntcty r prf f wnrshp, bt th lgl rghts cnvyd by n NFT cn b ncrtn. Th wnrshp f n NFT s dfnd by th blckchn hs n nhrnt lgl mnng nd ds nt ncssrly grnt cpyrght, ntllctl prprty rghts, r thr lgl rghts vr ts ssctd dgtl fl. n NFT ds nt rstrct th shrng r cpyng f ts ssctd dgtl fl nd ds nt prvnt th crtn f NFTs tht rfrnc dntcl fls. NFT trdng ncrsd frm S$82 mlln n 2020 t S$17 blln n 2021. NFTs hv bn sd s spcltv nvstmnts nd hv drwn crtcsm fr th nrgy cst nd crbn ftprnt ssctd wth sm typs f blckchn, s wll s thr s n rt scms. Th NFT mrkt hs ls bn cmprd t n cnmc bbbl r Pnz schm. n 2022, th NFT mrkt cllpsd; My 2022 stmt ws tht th nmbr f sls ws dwn vr 90% cmprd t 2021.