The Basic of NFT

FAQ

What is an NFT?
A Non Fungible token or NFT, as it is commonly abbreviated, is a digital representation of either a real-world asset or a digital object that exists on a de...
Wed, 2 Feb, 2022 at 3:55 PM
How is it any different from a normal art or image that I have?
The art that you have might not have inherent proof that it was created by the author except for the verbal claim. There are chances that the records mig...
Wed, 2 Feb, 2022 at 4:02 PM
Why can’t I just download or screenshot the image?
You can surely download or screenshot but it will be just the ‘image’ without the attributes and the properties that make the object unique, all of which is...
Wed, 2 Feb, 2022 at 4:03 PM
How do I prove that I have the original image or audio or video?
There is no separate effort required from your side to prove its originality. This task of establishing authenticity is adequately taken care of by the tech...
Wed, 2 Feb, 2022 at 4:11 PM
Why should I even invest in NFTs?
NFTs represent collectibles in the digital space. Investing in collectibles with provable lineage and value is never a bad idea. It is to be noted that coll...
Wed, 2 Feb, 2022 at 4:13 PM
Considering crypto’s legal stance, will my NFT become valueless at some point in time?
While ‘cryptocurrency’ might have its share of legal uncertainty, the technology behind NFTs does not have such hassles. A lot of jurisdictions are catching...
Wed, 2 Feb, 2022 at 4:29 PM
What determines the value of an NFT art or music?
The value of any NFT, as much as it is for any collectible, is subjective and it might not be possible to fit it into an equation. However, certain factors ...
Wed, 2 Feb, 2022 at 4:30 PM
How do I purchase an NFT?
Now you can buy NFT with fiat currency, subject to acceptance by our payment partner and your payment instrument/financial institution's limitations and...
Thu, 3 Feb, 2022 at 5:17 PM
Are NFTs considered assets?
Non-fungible tokens can be considered as crypto assets that have hardwired lineage on the blockchain. They can be traded on secondary markets or passed on t...
Wed, 2 Feb, 2022 at 4:36 PM