NTF the non-fungible token is a digital asset that represents real-world components such as art, music, in-game objects, and videos. They're frequently encoded with the same software as many other cryptos, and they're bought and exchanged online, often with bitcoin. NFT’s can be anything that is digital, you can make as many copies of a digital file as you like, including the art that comes with an NFT. However NFTs are designed to provide you with something you won't find anywhere else: encrypted ownership of the work. In terms of tangible art collection, anyone can buy a Monet print, for example. The original, on the other hand, can only be possessed by one individual.
Here are some of the most expensive NFTs sold
The technology that supports NFTs will be a major disruptor in terms of customer experience, new business models with the web 3.0 and a wide range of sectors will be able to use it for shared gain and contribute to the shared economy,on a global perspective. The spectrum of organisations in this industry is not only growing, but also merging, as seen by partnerships between internet startups and established corporations with vast amounts of IP. As the internet matures and digital worlds expand, the Meta industry will become increasingly vital.
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.”
— Charles Darwin