INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Non-fungible token, which is a unique digital asset that is stored on a blockchain, such as Ethereum or Polygon. Unlike fungible assets, such as cryptocurrencies, each NFT is distinct and cannot be replicated or divided into smaller units. NFTs can be used to represent a variety of digital content, including art, music, videos, and even tweets. NFTs are becoming an increasingly popular way for creators to monetize their work & for collectors to own rare & unique digital items. When an NFT is sold, the buyer is essentially purchasing ownership of that unique digital asset which is recorded using a cryptographic technique & ensures transparency and security. The research intends to create an understanding of blockchain technology and NFT operations. NFTs have also raised questions about the environmental impact of blockchain technology, as the process of creating and maintaining a blockchain network can be energy-intensive. However, there are ongoing efforts to address these concerns and make blockchain technology more sustainable.
Keywords:
Blockchain technology, NFT, asset tokenization
Cite Article:
"NON FUNGIBLE TOKEN", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 8, page no.a148-a153, August-2023, Available :http://www.ijnrd.org/papers/IJNRD2308016.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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