The idea of NFTs, often called nifties,<\/em> emerged with technology blockchain<\/em> in 2014. Although its popularization did not happen until the emergence of Ethereum cryptocurrency,<\/strong> which included a system for creating and storing non-fungible tokens.<\/p>\n\n\n\n What does non-fungible mean? Imagine that you have a one-euro coin and exchange it for another one-euro coin. This is a fact that is not important because they all have the same value, that is, they are fungible. The same thing happens if you have purchased a digital token. For example, a bitcoin.<\/strong> The difference with non-fungible tokens is that they are unique and that smart contracts<\/em> allow us to identify them as such.<\/p>\n\n\n\n NFTs have four main characteristics: unique, indivisible, transferable and capable of proving their scarcity. One of the keys to certifying such characteristics and facilitating the interoperability of these assets on multiple platforms are the various existing standards, the most used being the ERC-721,<\/strong> of Ethereum, and ERC-1155 the most recent.<\/p>\n\n\n\n To create an NFT, simply use platforms like OpenSea or Mintable,<\/strong> where the artist uploads the digital file and creates a smart contract<\/em> associated with it. On these platforms, NFTs are listed and potential buyers can access them. To buy an NFT, you must have an account with cryptocurrencies, specifically Ethereum, from where a transfer is made to the creator and in exchange ownership is transferred.<\/p>\n\n\n\n So you can buy NFTs from local artists, artists you want to support and so you are contributing to art in general.<\/p>\n\n\n\n And it's not surprising that NFTs linked to unique pieces of artwork among other items of value are gaining traction.<\/p>","protected":false},"excerpt":{"rendered":" NFTs: Token Certificates have been causing a stir in the art and financial markets. But what are NFTs? Simply put, an NFT linked to any digital item\u2014an image, photo, video, song, message, etc.\u2014makes that item unique to the world. This creates scarcity around the item and opens up new opportunities for\u2026<\/p>","protected":false},"author":10,"featured_media":6197,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","footnotes":""},"categories":[246],"tags":[187],"class_list":["post-6195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia","tag-arte"],"yoast_head":"\nNFT fungibility<\/h4>\n\n\n\n
![\"NFTs](\"https:\/\/luxuryhomefloripa.com\/wp-content\/uploads\/2021\/04\/Design-sem-nome-8.png\")
<\/figure>\n\n\n\nHOW NON-FUNGIBLE NFTS TOKENS WORK<\/h3>\n\n\n\n
Does it work for more areas?<\/h2>\n\n\n\n