NFT system is a heterogeneous token. Combined with blockchain, every work on the platform can be traced back, and buyers can keep transaction records, which is a bit protected like copyright and patent. NFT system has many functions and belongs to a software company developed by enterprises (B-side). There are many functions in it, such as the presence of designers, secondary trading market, blind box, bidding function and so on.
Anything that can be converted into "digital" form can become NFT. A graffiti, a photo, a video, a GIF animation, music, game items, selfies and even friend status can all be turned into NFT, and online transactions can be realized by using cryptocurrency.
However, NFT is different from other digital forms and is supported by blockchain technology. Blockchain is a distributed ledger, which is responsible for recording all transactions. It is like our bankbook, except that all transactions are transparent and open in the chain, and others can check it at any time, and once recorded in the chain, it cannot be changed or modified.
Since the birth of 20 15, the amount of NFT-related transactions has surged. The original Terra Nulius was the first NFT-on the Ethereum blockchain-although the project itself only wanted to verify the concept and only supported customizing a short message on the blockchain and recording it, it had taken a revolutionary step. In 20 17, antique cards, password punk and password cat appeared one after another, and NFT, a new thing, gradually entered the public's cognition, and finally continued to be used by the mainstream in 20021early.