NFT Royalties: Protecting Creators In The Metaverse
Non-fungible tokens, or NFTs, have exploded onto the digital scene, transforming how we perceive ownership, value, and art in the online world. From digital art and collectibles to virtual real estate and in-game items, NFTs are revolutionizing various industries and opening up new opportunities for creators, collectors, and investors alike. This guide provides a comprehensive overview of NFTs, exploring their underlying technology, diverse applications, and potential impact on the future of digital ownership.
Understanding Non-Fungible Tokens (NFTs)
What Does "Non-Fungible" Mean?
The term "non-fungible" simply means that an item is unique and cannot be easily replaced or interchanged with another item. Think of a painting like the Mona Lisa – it's one of a kind. A $1 bill, on the other h...