🔸 NFT stands for Non-Fungible Token, which means “non-fungible token” in Korean. Simply put, it refers to a digital token with blockchain technology, and three typical features are as follows.
- Non-fungible
- Recognition of ownership
- giving scarcity
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🔸Unlike cryptocurrencies such as Bitcoin, which can be exchanged, NFTs have characteristics that each token has a unique recognition value and cannot be replaced with each other. This means that they cannot be exchanged or copied.
🔸 Therefore, applying NFT technology that gives you unique serial numbers allows you to prove that it’s the original because it’s impossible to replicate, as well as create a unique digital item in the world or issue a limited number of NFTs to give it scarcity.
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