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What is NFT?

Jul 17, 2024 pm 02:59 PM
BlockchainBitcoincryptocurrencyBlockchain technology

Non-fungible tokens (NFTs) are unique digital assets on the blockchain that represent unique real-world items. Features include: Unique: Each NFT has a unique identifier, making it irreplaceable. Scarcity: NFTs are often issued in limited quantities, making them collectible. Ownership: NFT ownership is stored on the blockchain, providing transparent and immutable proof. Transferability: NFTs can be bought, sold and traded on the market like other crypto assets. Verifiability: Blockchain ensures the authenticity and provenance of NFTs, making them less susceptible to counterfeiting.

What is NFT?

What is NFT?

Non-fungible token (NFT) is a unique digital asset on blockchain technology that represents a unique item in the real world. Unlike fungible cryptocurrencies such as Bitcoin, NFTs are each unique and cannot be copied or split.

Characteristics of NFTs:

  • Unique: Each NFT has a unique identifier, making it irreplaceable.
  • Scarcity: NFTs are usually issued in limited quantities, making them collectible.
  • Ownership: NFT ownership is stored on the blockchain, providing transparent and immutable proof.
  • Transferability: NFT can be bought, sold and traded in the market like other crypto assets.
  • Verifiability: Blockchain ensures the authenticity and provenance of NFTs, making them less susceptible to counterfeiting.

NFT use cases:

  • Digital Art and Collectibles: NFT enables people to own and trade unique digital art, collectibles, and other virtual items.
  • Game Assets: NFT can represent in-game items such as weapons, skins, and avatars, and allow players to monetize their ownership and value.
  • Real Estate: NFT can be used to represent and trade real-world real estate, providing secure and transparent proof of land ownership.
  • Identity Verification: NFT can be used to verify identity and ownership, such as passports, driving licenses, and academic qualifications.
  • Supply Chain: NFT can be used to track and verify goods from production to consumption, ensuring authenticity and transparency.

APENFT (NFT) Current Price: $4.4000850199464E-7

Trading Volume: $24878361.796546

Market Cap: $440004101.90962

Latest change: -1.58108058%

Price change factors:

APENFT’s price movements are driven by factors such as market sentiment, industry news and volatility in the broader crypto asset market.

Future Price Analysis:

In the short term, the price of APENFT is likely to remain fluctuating around current levels. However, if the crypto asset market experiences a larger rally, the currency’s price could benefit.

Investor Advice:

Investors should exercise caution when investing in APENFT or any other crypto asset. It is recommended to only invest money that you are willing to lose.

Short-term trend forecast:

APENFT’s price may remain stable or fluctuate slightly in the coming days.

Indicator:

  • Current price: $4.4000850199464E-7
  • 24 hour trading volume: $24878361.796546
  • Circulation volume: 99999000000000APENFT
  • Maximum supply : 999990000000000
  • Total supply: 999990000000000
  • Market value: $440004101.90962

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