AuthorRohit Mandavkar

What is a Non-Fungible Token? Non-fungible tokens (NFT) are a kind of digital asset which is used to symbolize ownership of a completely unique object. They are different from commodities and different fungible tokens because they have an intrinsic, virtual scarcity. Proprietors can switch non-fungible tokens to other owners via a smart Contract. The scarcity and ability to transfer them...

Through its tenets of decentralization, transparency, and security, Blockchain has created a new type of internet. It has radicalized the way transactions occur and continues to make great strides in virtually every industry imaginable. Although best known for Bitcoin and Cryptocurrencies, the scope of Blockchain Technology doesn’t end there by any means. It has found applications in...