NFT

Non-fungible tokens (NFTs) are unique blockchain-based assets that represent ownership of digital items like art, collectibles, avatars, in-game items, and more. Each NFT contains distinguishing information that differentiates it from other NFTs on its blockchain. Ownership is tracked on-chain. NFTs aim to authenticate scarcity and provenance of wholly digital goods.

Key properties of NFTs include:

• Unique – Each NFT contains metadata that distinguishes it from other NFTs.
• Indivisible – NFTs cannot be divided into smaller denominations.
• Indestructible – Stored immutably on blockchains like Ethereum, NFTs cannot be altered, deleted, or destroyed.
• Verifiable Scarcity – NFTs authenticate the scarcity and supply of otherwise reproducible digital files.
• Transferrable – NFT ownership can be publicly transferred peer-to-peer on the blockchain.
• Programmable – NFTs can be programmed with additional logic and capabilities.

NFTs aim to provide digital collectibles and assets real ownership, authenticity, and market value. Their applications continue to expand across digital art, gaming, licensing, certificates, ticketing, and more.

By Martin Liguori

I have been working on IT for more than 20 years. Engineer by profession graduated from the Catholic University of Uruguay, and I believe that teamwork is one of the most important factors in any project and/or organization. I consider having the knowledge both developing software and leading work teams and being able to achieve their autonomy. I consider myself a pro-active, dynamic and passionate person for generating disruptive technological solutions in order to improve people's quality of life. I have helped companies achieve much more revenue through the application of decentralized disruptive technologies, being a specialist in these technologies. If you want to know more details about my educational or professional journey, I invite you to review the rest of my profile or contact me at martin@infuy.com