What is NFT and How Does NFT Work? Everything You Need to Know
Simply put, minting an NFT means you are turning a digital file into a digital asset or crypto collectible on the blockchain. When your unique token is published on the blockchain, you'll be able to sell it. You'll need to pay a small amount of cryptocurrency to mint an NFT. The content creator's public key serves as a certificate of authenticity for that particular digital artefact.The creators public key is essentially a permanent part of the token's history. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. Since NFT s use the same blockchain technology as some energy-hungry cryptocurrencies, they also end up using a lot of electricity. There are people working on mitigating this issue, but so far, most NFTs are still tied to cryptocurrencies that generate a lot of greenhouse gas emissions. There have been a few cases where artists have decided to not sell NFTs or to c