● The ability to prove ownership :
NFTs are stored in the blockchain network. Hence, the certificate of ownership is available on multiple networks, making it possible to prove a digital asset’s ownership.
● Easy implementation :
The NFT marketplace and its activities such as mint and buy or sell are available to everyone.
● Fraud Proof :
Each NFT data and transaction are recorded and stored in the network and can not be tampered with or forged until a transaction is approved.
● Easy-to-use :
NFTs have the most up-to-date proprietary information, so they are user-friendly, and tracing them is easy.
● Transferability :
All NFTs and related products can be traded off as one desires.
Application of NFT in Industry and Technology :
As mentioned above, people can turn their assets, including works of art, video, property, etc., into digital assets with help of NFT technology and keep or sell them in their wallets.
Application of NFT in the game industry :
NFT has great potential to make progress in the gaming industry. CryptoKitties, and CryptoPunks are the current games in the field of cryptocurrency; One amazing feature of these games is where you can create your virtual character or virtual pet. the exchange of these virtual characters with the desired price is possible.
Application of NFT in Authentication :
NFTs are ideal for counterfeiting by digitizing our identities, academic or medical credentials, and even our appearance.
Application of NFT in works of art:
Artists can convert their works to NFT to protect their copyright before any exchange. They can also showcase their work through different NFT marketplaces.
Application of NFT in Ceremonies :
Tickets of important events can be converted to NFT to prevent counterfeiting.