(NFTChronicle.com) – NFTs might be the most fun a collector could ever have. Those who grew up rifling through boxes of comic books or binders full of baseball cards probably remember the day they bought their first item from eBay. Exhilarating. Suddenly, a new world opened and collectors connected with brokers, changing the landscape and leveling the market.
The NFT market takes that one step further, offering digital images, clips, GIFs, and other innovative artistic mediums delivered safely and securely. Yet, is that all a non-fungible token can do? The answer is no. NFTs are far more diverse than acting as mere storage units. In fact, the number of unconventional uses for unique tokens is on the rise.
Here’s a great video to give you an idea of how you can use NFTs and what may be in store for the NFT market:
To understand why NFTs have so many possibilities, you have to understand the basics. Blockchain technology builds NFTs; essentially, the blockchain is a living record of everything that has ever happened on that chain. Because everyone can see the chain and it has no central database, like a bank, every piece of data on the chain is pure, transparent, and unchangeable.
The ability to store information so transparently eliminates fraudulent transactions and entries on the chain. There’s always a paper trail. Because of its limitless amounts of storable data and the security and transparency it allows, we might see unique NFTs used for real estate transactions, safe and secure voting, identification, and a slew of other real-world possibilities making the next version of the internet an exciting prospect.
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