DeutschNFTs (Non-Fungible Tokens) are non-exchangeable tokens.
What is an NFT?
Non-Fungible Tokens (NFT) are a special type of token in the crypto world. The basis of individual tokens is a sequence/chain of characters that cannot be copied or exchanged. In contrast, coins such as Bitcoin or Ether are not.
Protected lenses of this type are becoming increasingly popular in the cryptocurrency sector. In the meantime, artists and sports clubs, among others, are issuing their own NFTs in order to profit from the hype. Large companies such as eBay are also discovering the NFT market for themselves.
What Can NFTs be Used for?
The area of application for NFTs arises primarily wherever there are property rights. For example, ownership rights to images or real buildings can be certified via NFT. Thanks to the blockchain, digital documents can be stored in a tamper-proof manner.
