BUY NFT REAL ESTATE IN DUBAI
But first, to summarize NFTs for you while being straight to the point, NFT stands for Non-Fungible Token(s).
In terminologies based from the dictionary, Fungible means a good one part or quantity of which can be substituted for another of equal value in satisfying an obligation —usually used in plural.
In simple words, within the spectrum of the blockchain technology world, Cryptocurrency / Digital Tokens like BTC (Bitcoin), ETH (Etherium), BNB (Binance Coin), TRX (Tron), and much more are ‘fungible’ assets.
‘NFTs’ are the opposite, though their programming is built almost similar to cryptocurrencies, the programming of the nft projects are based on smart contracts and they may vary at most. Initially, NFTs are programmed on the Etherium blockchain technology, although nowadays we see the emergence of NFTs held on different blockchains like Binance Smart Chain and Solana. In addition, you can also find NFTs on different NFT marketplaces (although make sure they’re legit and verified).
An NFT asset is made or minted based on a digitalized object, they can also represent a physical and a non-physical object. Nowadays, literally anything can be digitized. NFT(s) can have one owner at a time, and while owning an NFT, it can also give you exclusivity or accessibility to a tangible asset (let’s say real estate).