Cryptoactive NFT
NFT is the acronym for Non-Fungible Token, and is a computer generated code that aims to authenticate a file, guaranteeing its exclusivity. To better understand this concept, it is important to keep in mind what a fungible asset is.
Fungible assets are units that can be exchanged without change in value, for example, one hundred reais bill, which can be exchanged for ten ten reais bills. A non-fungible good, in turn, has specific and unique properties, it is never the same as another... A painting has only one original version, although there may be copies and reproductions (or even forgeries). Therefore, NFT is a non-fungible asset, a token with an absolutely unique key, sold with the file, guaranteeing its originality.
How does NFT work?
As we have said, NFT authenticates a digital product, guaranteeing its originality and uniqueness. To ensure this actually happens, the NTF relies on unique encryption standards that cannot be overwritten or even destroyed. ERC-721 is one such standard, used on the Ethereum network for the commercialization of cryptographic artwork. By applying this pattern, the file becomes a collectible. It's the same concept as someone who invests in a work of art. Anyone can access a beautiful copy of a famous painting and hang it on their living room wall, but the original painting has a unique value. And the more reproduced, the more famous, the more desired, the more it will be worth.
