The digital transformation process, which has left its mark on the period we are in, continues to bring new concepts to our lives and change the world day by day. NFT, which brings new dimensions to phenomena such as digital property and collecting, is one of them. NFT arouses people's interest as a transformative subject in the digital world. Therefore, many issues such as the expansion of NFT, its definition, how it is produced, how it is bought and sold, and in which projects it is used, are among the questions whose answers are curious. If you want to have a qualified knowledge about NFT, it is useful to examine the answers to these basic questions in detail at the beginning.
What is NFT?
With the increasing interest in
technology today, many people are wondering what NFT is these days. The
expansion of the concept of NFT is expressed as "Non Fungible Token"
or, with its Turkish equivalent, "Immutable Token". In fact, NFT,
which can also be expressed as a type of cryptocurrency, can represent a
valuable asset, unlike other types of cryptocurrencies, apart from classical
definitions. For example, commodities that can exist in the digital environment
and belong to a person can be classified as NFT. In this sense, NFTs see value
as a commodity or product rather than a cryptocurrency. One of the main reasons
for their similarities with cryptocurrencies is that NFTs are also connected to
a blockchain-based structure such as Bitcoin or Ethereum. NFTs are
predominantly from collectible items. For example, playing cards, which were very
popular in the past, can be seen as NFT in the digital environment. Another
difference of NFT from cryptocurrencies is that each NFT is unique and can be
designed differently.
How are NFTs Made?
How to produce NFT is one of the most curious topics.
NFT generation is produced in ERC-727C token standards prepared by Ethereum
blockchain developers. Of course, it is important to make the job of NFT
producers easier here because the technical side of the blockchain can get
quite complicated. Platforms that provide convenience to manufacturers to
perform NFT production processes facilitate this situation. In this way, what
manufacturers need in this process is a digital cryptocurrency wallet.
How to Get NFT?
To purchase items from NFT
collections, you can visit digital sites defined as NFT marketplaces. In
particular, some companies that were established in New York in 2017 and
continue to provide services in the sector as the first NFT market stand out in
this sense. In addition, the payments you will make to own an NFT can only be
made with crypto money. For example, it is not possible to buy an NFT with
Turkish Lira, US Dollars or Euros, at least for now.
NFT and Digital Art Relationship
NFT collections, which are offered for sale in the digital environment and
attract great attention, include all commodities produced in the virtual
environment and on which ownership rights can be obtained. However, the share
of digital art in all of this is quite large. Both in the world and in Turkey,
many important artists transform their works into NFT and offer them for sale. Considering
that important artists such as Cem Yılmaz, Selçuk Erdem, Refik Anadol and Tarık
Tolunay have transformed their works into NFT in Turkey, it is possible to say
that NFT may become even more popular in the coming years. The ownership and
sale of digital artworks with NFT technology means that artists can evaluate
their future works in different ways.
In addition to digital art, famous fashion and accessory brands also
transform their products into NFT projects. For example, Jacob & Co. The
NFT watch released by the brand made a great impression. The collectors who buy
watches as NFT enjoy the pleasure of acquiring the product away from physical
wear and risks. In addition, it is possible to protect the goods from risks
with their physical condition.
Comments
Post a Comment