The Entirely Misunderstood Purpose of NFTs

Non-fungible-tokens (NFT’s) represent a crucial functional piece in blockchain applications. We all know that NFTs experienced a brief explosion in popularity in the early 2020’s, but for the most part, this craze was fueled by curiosity and hype, and many people who bought into the trend didn’t understand the actual value or function of a non-fungible token. Non-fungible tokens (NFTs) are a type of cryptographic token that represents a unique, verified item on the blockchain. A token can be issued to represent any sort of digital asset, ranging from personal identification, to memberships, subscriptions, achievements, historical records, or even certificates of authenticity for physical goods. The key role of a NFT is authentication. When an NFT is issued and stored on the blockchain, it holds a verified, uneditable, and publicly visible certification. There are several advantages to using NFTs for authentication, rather than, or in addition to, using traditional forms of record-keeping. First, NFTs are tamper-proof. Once an NFT is created, it cannot be changed or deleted. This makes them ideal for authenticating assets that need to be protected from counterfeiting. <a href="https://medium.com/@RebusChain/the-entirely-misunderstood-purpose-of-nfts-91d9f2b868c1">Learn More</a>