Sometimes some terms or words are so popular that their use spreads much faster than their meaning, creating trends and confusion between those who know them and those who are not yet so familiar with them.

For this reason we give you a small introduction; understanding its use and operation can create many opportunities for you.

What is the difference between an expendable and a non-expendable item?

To understand NFTs, it is essential that we know the difference between a fungible and a non-fungible good.

A fungible good is one that can be exchanged having a value based on its number, weight or measure; Non-expendable goods are those that cannot be replaced, we are talking about something completely unique and impossible to reproduce.

What is an NFT?

The acronym NFT stands for non-fungible token (a non-fungible token); tokens are units of value that are assigned to a business model. They are unique assets that cannot be changed or exchanged, as no two NFTs are the same, so the only way to get hold of an NFT is to buy it or receive it from its owner. The advantages for the world of art and branding are obvious; the non-fungible token certifies what it is and to whom it belongs, excluding the possibility of forgery.

How does an NFT work? How do we make sure that the NFT cannot be copied?

The blockchain or chain of blocks is used, the same system used by cryptocurrencies.

It is a public registry of decentralized transactions; these are verified by all participants rather than requiring the services of a central body such as a bank.

Every exchange is checked against the registry using cryptography; each block is linked to a previous block, as well as the date and data of the transaction. They are assigned a series of metadata that guarantee their authenticity, their starting value, acquisitions, transactions and author are recorded; This means that at all times there will be a record of the first value it had and how much it has been sold for.