In 2021, a new trend arrived in the digital world: NFTs. And what does this mean for our future and, most importantly, how was it able to move more than R$153 billion this year alone (2021)?
What does NFT mean?
Firstly, NFT stands for Non-Fungible-Token (In Portuguese Non-Fungible Token).
In other words, a fungible good is something that can be replaced by another of the same kind, such as:
- Money
- Bitcoin
- Air miles
- Gold
What makes an item non-fungible is the fact that it cannot be replaceable, that's what makes NFTs worth so much money, each one is unique.
NFT is nothing more than a digital asset NON-FUNGIBLE.
That is, a digital asset and SINGLE!
How could NFTs be used in the future?
- Physical movie tickets could become NFTs
- A VIP area of an event can be accessed by having a specific NFT in your digital wallet
- You can access a streaming service just by owning an NFT
It all depends on the conditions established by the creators of each collection.
All of this is possible with the same technology that has enabled the emergence of many cryptocurrencies.
What is Blockchain?
Blockchain technology can guarantee the veracity of transactions with NFTs, as if it were an immutable ledger.
Virtually any item of value can be tracked and traded on a blockchain network, reducing risk and costs for all parties involved.
Why is Blockchain important?
Blockchain is ideal for this because it provides immediate, shared, and completely transparent information stored in an immutable ledger that can only be accessed by authorized members of the network. This increases trust and creates new efficiencies and opportunities.
What can NTFs be used for in the future?
When explaining what NFT is, it is also important to present the applications of this technology. In the digital environment, there are already a variety of uses for NFT.
As this registration serves to transform anything into a unique and authentic asset, it can be used to guarantee the originality of the most diverse items, such as:
- Music;
- Works of art;
- Virtual properties;
- Collectible items;
- Online game items;
- Designer projects;
There is still no definitive answer, but they believe that NFTs are the future of the economy and technology.
Source: https://vivomoney.com.br/blog/falando-em-dinheiro/o-que-e-nft?gclid=CjwKCAiAwc-dBhA7EiwAxPRylJN0Ay8gf7701Vsy9pATAHBNkTg3PmrHcqC4gkAhjMg8iIeWjoPAZRoCKeMQAvD_BwE
