Beyond The Hype: NFTs Role In Digital Identity
NFTs, or Non-Fungible Tokens, have taken the Digital world by storm, transforming how we perceive ownership and value online. From digital art and collectibles to virtual real estate and in-game items, NFTs are revolutionizing various industries. Understanding the fundamentals of NFTs, their potential applications, and the associated risks is crucial in navigating this exciting and rapidly evolving landscape.
What is an NFT?
Understanding Fungibility and Non-Fungibility
To grasp the concept of NFTs, it's essential to first understand the concept of fungibility. Fungible assets are interchangeable and can be easily replaced with another identical item. For example, one Bitcoin is equal to another Bitcoin, making them fungible. Non-fungible assets, on the other hand, are unique and cannot be...







