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Showing posts from February, 2022

INTRO TO NFT

 HI I`m Pranadeep Reddy What is blockchain and how does it work? A.) Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system....  Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain,  a record of that transaction is added to every participant's ledger. What is NFT and what is the use of NFT? A.) NFT stands for “nonfungible token.” Each NFT is a unique digital file stored on a blockchain.  While your digital art can still be seen, screenshotted, and downloaded by anyone online (at approximately the same quality),  the express purpose of NFTs is to assign an agreed-upon value of ownership for your digital art.                                  (OR) NFT stands for "non-fungible token. " At a basic level, an NFT is a digital asset that links own...