Cryptography and existing only on a digital ledger

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It is as if you bought the original Guernica painting by Pablo Picasso and had the receipt of that purchase. The non-fungible token, it should be noted, would be the invoice, the record of the transaction, not Guernica itself. This record, therefore, indicates the location where access to the original work is.

So, when we talk about NFTs, we are just talking about the record of a digital asset. However, you will see that it is common to use the term NFT to refer to the production itself, such as a piece of art or an internet meme.

NFT and Blockchain
Blockchain is not a company, nor a product, nor simply a system: i malaysia phone number list is a data architecture concept that establishes a public record of transactions . It functions as a large ledger of transactions made between its members.

In blockchain there is no regulation or centralized intermediation; the members of the network themselves, in a decentralized manner, analyze and validate the transactions. When they are approved, they are recorded in encrypted data blocks, which are chained together to create unique and immutable codes.