NFTs are unique
Each of the NFTs is unique and exists in a single copy, it cannot be divided, and all information about its author, buyer and all transactions with it is securely stored in the blockchain. In other words, an NFT is a digital certificate attached to a unique entity.
Due to the reliability of the blockchain, diplomas, certificates and various documents can be issued in the NFT format, which can potentially help eliminate the risk of counterfeiting.
NFT plays a big role in art, as art historians and experts can spend hundreds of hours evaluating a work of art to verify its authenticity.
Will you have full rights for the NFT after you purchase it?
Critics often draw attention to the fact that owning an NFT does not guarantee full rights to the subject. If you purchase a NFT animation, another person can easily find a copy in internet, download it or copy it.
You can buy this “NFT”, but you do not own the rights to it and cannot dispose of it outside the blockchain.
Why then do people buy NFT? The blockchain reliably records the fact that it was you who acquired a certain unique item, previously created by its original owner, the data of which is also stored in the blockchain. The main value lies in their exclusivity – not their availability on the Internet.
The ability to resell NFTs inherent in their smart contracts allows them to be considered as investments as well.
What can you sell in NFT format?
In the NFT format, you can sell virtually anything – music, images, text, video, 3D models – that is, any digital product claiming to be unique.
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