NFT

Imagine owning the only autographed copy of a famous book. Even though anyone could make photocopies of the book, only you possess the original signed by the author. NFTs (Non-Fungible Tokens) work in a similar way for digital assets: they represent something unique and irreplaceable.

While traditional cryptocurrencies like Bitcoin or Ethereum are like money (interchangeable, just like exchanging a €10 bill for another), NFTs represent unique digital items. For example, they can be digital artworks, videos, music, or collectibles. When you purchase an NFT, it’s like owning that signed original copy of the book—you have something authentic and unique, with its origin and ownership guaranteed.

The most popular use of NFTs is in the digital art space, where artists and creators can sell unique digital pieces while ensuring authenticity and traceability. This solves a major issue in the digital art world: counterfeiting and endless duplication. Before NFTs, anyone could copy a digital image with no way to prove who the real owner was.

However, NFTs go far beyond images. They can represent many other types of digital goods, such as:

• Music

• Videos

• In-game items (like weapons, outfits, or special skills)

• Digital collectibles (cards, stickers, etc.)

Beyond entertainment, NFTs are also being used in real-world applications to solve practical problems. For example:

• Real estate: NFTs can represent property deeds for homes or land, making transfers secure and traceable.

• Digital certificates: Diplomas, degrees, or licenses can be created as NFTs, ensuring authenticity and simplifying verification.

• Event tickets: Concert or conference tickets can be issued as NFTs, preventing fraud and easing resale.

• Supply chain and logistics: NFTs can track a product’s origin and path through the supply chain, providing transparency at every step.

All of this is made possible by the blockchain, a public and immutable ledger that records every transaction and ownership change. Think of the blockchain as a history book: every time an NFT is sold or transferred, its "story" is updated and remains viewable by anyone.

Another major benefit of NFTs is the ability to include royalty mechanisms. Thanks to smart contracts, every time a piece is resold, the original creator can automatically receive a percentage of the sale.

In conclusion, NFTs are not just a way to own unique digital assets—they offer solutions across multiple sectors, from product traceability to intellectual property protection, all with the transparency and security guaranteed by blockchain technology.