18/05/2023
💻NFTs are typically Ethereum blockchain-based tokens, and they’re used to authenticate digital ownership of whatever asset is attached to the token. Ethereum’s blockchain can be thought of as a shared global database and virtual machine. 🔒
A blockchain token is a uniquely identifiable piece of data whose existence is permanently carved into the chain. Similarly, users of the blockchain are uniquely identified by their “wallet” address. 🛻Anyone can view the contents of anyone else’s wallet using a blockchain explorer like Etherscan or The Graph (GRT).
Although NFTs can be expensive, you’re paying for more than just a JPEG file. The token gives you ownership rights to the piece you receive, and you’re able to sell your NFTs on marketplaces like OpenSea and Rarible, SuperRare, Foundation, Foundation Atomic Market, ... etc. ⛔️It is similar to a Personal DNA & Membership Contract and Certification and traditional artwork, the value of NFTs comes from ownership of the “original”. 😎
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